Akasa Air closes Sale and Leaseback of five B737 MAX jets with Standard Chartered Bank

Akasa Air has closed an operating lease of five new Boeing 737 MAX 8 with Standard Chartered. Out of the five MAX jets, first four were delivered between December 2022 and March 2023, while the fifth is scheduled for delivery in Q2 of 2023. The deal was structured, financed and arranged exclusively by Standard Chartered Aviation Finance. Kieran Corr, Global Head of Aviation Finance and CEO of Ireland, Standard Chartered, said: “We are proud to further strengthen our relationship with Akasa Air and support its growth with these new additions to its fleet. This Sale and Leaseback deal shows our