Dublin,2nd Feb 2024:
The jets are being delivered from Airbus in January and February 2024 and will be powered by CFM LEAP-1A26 engines.
Institutional investors advised by J.P. Morgan Global Alternative’s Global Transportation Group (“GTG”) (www.jpmorgan.com/am), have entered into agreements for four A320neo aircraft to be leased to InterGlobe Aviation Limited (IndiGo) on a sale and leaseback basis. These aircraft will join a growing portfolio of commercial aircraft on lease to top-tier airlines advised by JP Morgan Global Alternative’s GTG. The GTG is also active in the global maritime, energy logistics, intermodal, electric vehicle, and rail car sectors.
The aircraft will be managed by Avionix, a Dublin-based aircraft servicer and lessor portfolio company.
The Airbus A320neo aircraft will form a key part of IndiGo’s young and efficient fleet and be a key contributor to its growing domestic and international traffic network.
Andy Dacy, Global Head of Transportation for J.P. Morgan Global Alternatives, said: “We are delighted to welcome IndiGo, one of the leading low-cost carrier airlines in the world, to our growing portfolio of modern aircraft. We look forward to developing this relationship with our valued partner in the continued growth of our aviation strategy”.
Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer of IndiGo, said, “The Indian economy is on a trajectory of growth right now and the country is one of the fastest growing civil aviation markets in the world. As the industry leader, we are looking to consolidate our position by expanding our network both in domestic and international sectors. The team at IndiGo is pleased to have completed this transaction with J.P. Morgan Global Alternatives.”
