IndiGo Airlines and Hong Kong Aviation Capital (HKAC) have closed the sale and lease back deal of a new Airbus A320 delivered on 30 March at the Airbus facility in Toulouse. HKAC arranged the delivery of the new aircraft with financing from China Development Bank. The Hong Kong-based company has a total of eight A320s on lease to IndiGo.
“We are extremely pleased to have completed this transaction for IndiGo Airlines and are looking forward to further enhancing our relationship with the addition of another two aircraft later this year ” said Donal Boylan, HKAC’s Chief Executive Officer.
“We are delighted to have completed a further financing with China Development Bank, and look forward to working closely with CDB as our business grows,” he added.