SKY Leasing Announces Sale-Leaseback for (2) A321-200NEO Aircraft with IndiGo
San Francisco – August 17, 2020 – SKY Leasing (“SKY”), a full-service aircraft asset manager, announces it has signed an agreement for the sale and leaseback of (2) A321- 200NEO aircraft with IndiGo. The transaction covers deliveries to IndiGo in August 2020.
“We are pleased to continue our long-standing relationship with SKY Leasing. This transaction will help us induct this most cost-efficient aircraft as we continue to focus on minimizing cash burn” said Riyaz Peermohamed, Chief Aircraft Acquisition and Financing Officer at IndiGo.
“We are delighted to build further on our relationship with IndiGo, one of the world’s most durable and successful low-cost carriers, and furthermore, to do so during such challenging times for our industry” said John Duffy, Chief Commercial Officer, SKY Leasing.
If you require any further information, please contact:
Anne Marie Scaramuzza
Tel: +1 415 655 5000
About SKY Leasing
SKY Leasing ("SKY") is a premier aircraft leasing asset manager with offices in Dublin, Ireland and San Francisco, California. It was founded in 2019, in partnership with M&G Investments which acquired a stake in the business and invested $300 million of equity in its first fund. As a full service leasing platform, SKY leverages its experience, global network, industry insights and managerial talent to acquire and lease new and young mid-life aircraft. SKY’s corporate mission is to be a leading capital provider to airlines globally for sale and leaseback transactions.
For more information about SKY Leasing, visit www.skyleasing.com.
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IndiGo is amongst the fastest growing low-cost carriers in the world. IndiGo has a simple philosophy: offer fares that are low, flights that are on time, and a courteous, hassle-free travel experience. With its fleet of 262 aircraft as of 31st March 2020, the airline offered 1,674 peak daily flights during the quarter and connected 63 domestic destinations and 24 international destinations. For more information, please visit www.goIndiGo.in.
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