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Partnership · Mobility & Logistics

Akasa Air signs lease deal with BOC Aviation for three jets

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Date
Company
Akasa Air
What it does
Low-cost commercial airline operator
Kind
Partnership
Based in
Mumbai
Founded
2022
Sector
Mobility & Logistics

What they do

Akasa Air operates a domestic and international commercial airline network centered around a fuel-efficient single-aisle fleet

What happened

The airline signed a second lease agreement with BOC Aviation for three additional Boeing 737-8200 jets to be delivered by late 2026

Why it matters

The partnership supports the airline's fleet expansion strategy as it builds its presence in the domestic and international aviation markets

The details

  • Singapore-based lessor BOC Aviation finalized a fresh pact with Akasa Air to supply three extra Boeing 737-8200 airplanes.
  • The arrangement follows a purchase-and-leaseback structure, with scheduled delivery of the craft before the conclusion of 2026.
  • Every single one of the trio will feature CFM LEAP-1B propulsion units designed to optimize fuel usage.
  • This pact expands upon an initial leasing arrangement agreed upon by the two entities during November of the preceding year.
  • Separately, law enforcement in Ahmedabad detained eight people, including two ex-staff members, over a cargo heist involving 2.1 kilograms of precious gold ornaments valued at ₹2.58 crore.
  • The corporate entity notified police officials immediately, dismissed the implicated personnel, and pledged complete cooperation with the inquiry.

The bigger picture

  • The ongoing fleet expansion aligns with the carrier's broader strategy to scale operations across domestic destinations and international routes.

About the business

  • Operates a scheduled commercial airline offering passenger transportation across domestic and international routes.
  • Maintains a fleet centered on Boeing 737 MAX aircraft equipped with fuel-efficient CFM LEAP-1B engines.
  • Serves dozens of destinations across India alongside international cities such as Doha, Jeddah, Riyadh, Abu Dhabi, Kuwait City, Phuket, and Hanoi.

What happens next

  • Take delivery of three additional Boeing 737-8200 aircraft by the end of 2026.
  • Continue expanding domestic network connectivity and international destinations.

The deal

Type
aircraft lease agreement

Investors

  • BOC Aviation (lead) — Singapore-based aircraft leasing company with a large global portfolio of owned, managed, and ordered aircraft.

Founders

  • Vinay Dube, Founder and Chief Executive Officer

About Akasa Air

Customers
Travellers booking domestic and regional flights
How it makes money
Sells passenger air tickets and related travel services
What sets it apart
Emphasis on customer experience, safety, reliability, and newer aircraft

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