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737 MAX Aircraft: Akash Air inks agreement with Griffin for sale, leaseback of five Boeing 737 MAX aircraft

New Delhi | Akash Air has entered into an settlement with Irish leasing firm Griffin International Asset Administration for the sale and leaseback of 5 Boeing 737 MAX plane. Below the sale and leaseback mannequin, the airline sells its plane to a leasing firm after which leases them again. This fashion the airline will get again the money it spent on shopping for the airplane.

On November 26, 2021, Akash Air had entered into an settlement with Boeing to purchase 72 MAX plane, almost three months after the Directorate General of Civil Aviation (DGCA) gave the inexperienced sign to MAX plane. Akash Air is about to get its first Max plane this month, and the corporate is planning to begin its business flight operations in July.

Commenting on the tie-up with Griffin, Vinay Dubey, Founder, Managing Director and CEO, Aakash Air stated, “We’re delighted to have Griffin as a accomplice in our progress as we start our aviation journey. The immense belief and assist of the Griffin workforce is a testomony to Aakash Air’s sturdy and sustainable future.

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