What Happened
Indian Carrier Secures Financial Flexibility Through Leasing Deal
Avolon has announced a sale and leaseback agreement with Indian carrier Akasa Air for up to seven Boeing 737-8200 aircraft. The deal allows Akasa Air to free up financial resources while continuing to operate the aircraft. Akasa Air, which operates 17 Boeing 737-8200s, has emerged as the third largest player in the Indian air travel market. The Boeing 737-8200, with its efficient per-seat economics, enables Akasa Air to capitalize on the growing demand for low-cost air travel in India. This development was first reported by AeroTime.