BOC Aviation has further strengthened its partnership with Akasa Air after signing a second sale-and-leaseback agreement for three additional Boeing 737-8200 aircraft, underscoring growing confidence in both the airline’s expansion strategy and the long-term growth potential of the Indian aviation market.
Under the latest agreement, BOC Aviation will purchase and lease back three Boeing 737-8200 aircraft to Akasa Air under long-term operating lease arrangements. All three aircraft will be powered by CFM International LEAP-1B engines and are scheduled for delivery by the end of 2026.
The transaction marks the continuation of an existing relationship between the two companies following an earlier leasing agreement announced in November 2025. The latest deal forms part of Akasa Air’s broader fleet expansion strategy as the carrier continues scaling operations across domestic and international markets.
Paul Kent, Chief Commercial Officer of BOC Aviation, said the lessor remains confident in Akasa Air’s long-term development plans and highlighted the continued global demand for the Boeing 737 family.
“Following our successful transaction last November, we are pleased to be executing a further agreement with Akasa as it builds its business in India and beyond,” Kent stated. “The modern Boeing 737 family on which it is centering its fleet development remains one of the world’s most popular single-aisle jets, demonstrates industry-leading fuel efficiency, and is a cornerstone of our orderbook.”
The Boeing 737-8200, a high-capacity variant of the 737 MAX family, has become increasingly popular among low-cost carriers seeking improved fuel efficiency, lower operating costs, and enhanced range capability. For fast-growing airlines such as Akasa Air, the aircraft offers an attractive balance between operational economics and network flexibility.
Priya Mehra, Chief of Governance & Strategic Acquisitions at Akasa Air, described the agreement as another important step in deepening the airline’s strategic relationship with BOC Aviation while supporting Akasa’s disciplined fleet growth plans.
“We are pleased to further deepen our partnership with BOC Aviation through this second transaction that adds three further Boeing 737-8200 aircraft, which reflects a shared long-term conviction in Akasa Air’s growth trajectory and the strength of the Indian aviation market,” Mehra said.
She further emphasized the strategic importance of leasing partnerships in supporting sustainable airline expansion while preserving financial flexibility.
“As a leading global aircraft lessor, BOC Aviation brings deep institutional expertise and a strong understanding of the evolving aviation landscape, making it an important strategic financing partner for Akasa Air. This agreement aligns with our disciplined approach to scaling the airline through a modern, fuel-efficient fleet while maintaining capital efficiency, financial flexibility, and long-term operational resilience,” she added.
