Avolon completes sale and leaseback deal with Akasa Air

Ireland-based international aircraft lessor Avolon has delivered five new Boeing 737-8 MAX aircraft to recently-established Indian carrier Akasa Air. The first delivery took place in December 2022 and the process was finished the following month, Avolon said, marking the end of its first deal with Akasa, which it said was a sale and leaseback transaction. “We are excited to support new entrants to the market, so it is a pleasure to have completed this transaction to lease five new narrow-body aircraft to Akasa. We congratulate Akasa on their successful launch and look forward to building on our strong relationship with