Standard Chartered Bank stated it has efficiently closed an operating lease of 5 new Boeing 737 MAX 8 aircraft with India’s non-public service Akasa Air. The deal was structured, financed and organized solely by Standard Chartered Aviation Finance.
The first 4 aircraft (MAX 8) have been delivered between December 2022 and March 2023 and the fifth aircraft is scheduled for supply in second quarter of 2023.
While the financial institution already gives Akasa Air with company banking options and companies, that is the primary aviation finance transaction with the airline.
Kieran Corr, Global Head of Aviation Finance and CEO of Ireland, Standard Chartered stated, “This Sale and Leaseback deal shows our commitment to the Indian aviation market and to support our clients’ transition to the most fuel-efficient aircraft.”
Bhavin Joshi, co-founder and SVP Leasing & Procurement, Akasa Air stated, (*5*)
