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BOC Aviation Signs Second Sale-and-Leaseback With Akasa for Three 737 MAX 8200s

The transaction frees capital for Akasa to expand routes, signaling stronger finance backing for India’s low-cost carriers.

Overview

  • A deal announced Wednesday between BOC Aviation and Akasa Air covers three Boeing 737 MAX 8200s that BOC will buy and lease back to Akasa, with the aircraft due for delivery by the end of 2026.
  • BOC Aviation confirmed all three jets will be powered by CFM International LEAP-1B engines, a choice cited for fuel efficiency and lower per-seat operating costs.
  • This is the second sale-and-leaseback between the two firms following a November 2025 agreement, taking the total frames leased from BOC to six.
  • Akasa says the sale-and-leaseback model lets it free up capital, keep an asset-light balance sheet, and bring aircraft into service on predictable timelines to support faster growth.
  • Industry trackers show Akasa already operates many 737 MAX variants and has a large committed Boeing orderbook, a scale that BOC says underpins its confidence in financing the carrier’s domestic and international expansion.