BOC aviation supports IndiGo's growth with Airbus aircraft financing

24 Aug 2023 CW Team

Singapore-based BOC Aviation Limited and India's leading airline, IndiGo, have announced a significant partnership as they finalise a finance lease agreement for 10 Airbus A320NEO aircraft. The deal is a strategic move by IndiGo to bolster its fleet for both domestic and international routes. All ten aircraft will be equipped with CFM LEAP-1A engines and are expected to be delivered in the year 2023.

The Deputy Managing Director and CFO of BOC Aviation, Steven Townend, expressed enthusiasm for continuing their long-standing collaboration with IndiGo, emphasising their commitment to deploying diverse financing structures to support sustainable growth. IndiGo's Chief Aircraft Acquisition and Financing Officer, Riyaz Peer Mohamed, also shared his satisfaction with the extended collaboration, highlighting the aircraft lease agreement's role in reinforcing the airline's position within India's rapidly expanding aviation market.

BOC Aviation, renowned as a global aircraft operating lessor, operates a comprehensive fleet of 652 aircraft. This fleet serves 91 airlines across 42 countries and regions, demonstrating their widespread influence. On the other hand, IndiGo stands as one of the world's fastest-growing low-cost carriers, managing over 300 aircraft. The airline operates nearly 1,900 daily flights that connect 79 domestic destinations, with upcoming plans to expand its services to 32 international destinations.

Real Estate

11 May 2026

Danube Launches Greenz Villa Community in Dubai

Danube Properties has launched Greenz by Danube, a fully furnished master villa community in Dubai, unveiled by H.E. Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Tolerance and Coexistence, at an event attended by over 7,000 investors and business leaders.Located near Dubai International Academic City and Dubai Silicon Oasis, the development marks Danube’s first large-scale integrated villa community and is positioned within one of Dubai’s emerging residential corridors.The project will comprise three and four-bedroom townhouses along with five-bedroom semi-detached and twin villas...

ABB Launches IE6 Motor for Hazardous Industrial Areas

ABB has introduced what it claims is the world’s first IE6 Hyper-Efficiency motor certified for hazardous industrial environments under ATEX and IECEx standards.The new Increased Safety motor is based on ABB’s synchronous reluctance (SynRM) technology and is designed without magnets or rare earth materials. According to the company, the motor reduces energy losses by up to 60 per cent compared to standard IE3 induction motors commonly used in hazardous areas.The motor is intended for use in industries such as chemicals, marine, oil and gas, pharmaceuticals and food and beverage, where expl..

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..