International aircraft leasing company Avalon has completed the delivery of 15 A320neo family aircraft to India’s largest passenger airline, IndiGo.
As a result, Avalon now has 21 aircraft on lease with IndiGo.
This was a sale and leaseback transaction, which involved a mix of six A320neo aircraft and nine A321neo aircraft. Delivery of the aircraft started in September 2022 and was completed in February 2023.
Paul Geaney, Avalon president and CCO said: “We are proud to support IndiGo through this sale and leaseback of fifteen fuel efficient Airbus neo aircraft.
“We look forward to playing a central role with IndiGo as they continue to build on their position as a leading carrier in the Indian market.”
IndiGo is one of the most low-cost carriers and it operates over 1700 flights daily. It connects 78 domestic destinations and 26 international destinations.
Riyaz Peermohamed, chief aircraft acquisition and financing officer, IndiGo said: “We are pleased to have completed this deal with Avolon, which is part of IndiGo’s broader expansion plans and the upgrading of our fleet.
“In 2023 we are committed to enhancing connectivity both within India and internationally.”
Most recently, IndiGo announced new flights between Mumbai Silchar and Delhi-Itanagar via Kolkata. These flights will begin from March and aim to strengthen domestic connectivity. As well as increasing flight options, this will cut down the air travel time by half.
Silchar is known as the ‘Island of Peace’ and is one of Assam’s most popular tourist destinations due to its scenery, farmlands and tea products.
This connectivity will help to promote trade and tourism in the region. Vinay Malhotra, head global sales, IndiGo said: “These flights have been added in response to the increasing demand for travel to these destinations.
“We are confident that many customers will benefit with the commencement of these connections, particularly as the summer season approaches.”
In December 2021 IndiGo announced a codeshare agreement with Air France and KLM, giving IndiGo customers access to the Air France and KLM global network, which covers more than 250 destinations across the globe.