AerCap Holdings has announced it has completed a mandate for the lease of four new Airbus A321neo aircraft with Air India, the flag carrier of India, following the delivery of the fourth aircraft.
The aircraft, powered by CFM LEAP-1A engines, are the first A321neo aircraft to be inducted into the Air India fleet.
“It is a very exciting time for Air India as it returns to Tata Group ownership and transitions its fleet to meet the rapidly growing Indian aviation market. AerCap is delighted to play a role in Air India’s fleet transformation by providing its first tranche of NEO aircraft on operating lease,” said Peter Anderson, the Chief Commercial Officer of AerCap.
“We wish Air India and the Tata Group every success as they restore Air India to one of the world’s leading airlines.”
‘Sweeping transformation’
Nipun Aggarwal, Chief Commercial & Transformation Officer, Air India, said: “These four new, leased Airbus A321neo aircraft join our fast-growing fleet as part of the sweeping transformation in progress at Air India. We look forward to continuing our very successful partnership with AerCap as we go along in our continuing effort to build Air India as one of the world’s finest airlines.”
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.
Founded by the legendary JRD Tata, Air India pioneered India’s aviation sector. Since its first flight on October 15, 1932, Air India has an extensive domestic network and has spread its wings beyond to become a major international airline with a network across USA, Canada, UK, Europe, Far-East, South-East Asia, Australia, and the Gulf. Air India is a member of Star Alliance, the largest global airline consortium.
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