BOC Aviation has signed a second lease transaction with Akasa Air for three additional Boeing 737-8200 aircraft, expanding its relationship with the Indian low-cost carrier. The new deal follows an earlier purchase-and-leaseback agreement covering three Boeing 737-8s, which are scheduled to begin delivery in January 2026 and are powered by CFM LEAP-1B engines.
According to information published by BOC Aviation, the Singapore-based lessor has built a global portfolio of more than 800 aircraft and engines owned, managed, or on order, serving 88 airlines in 46 countries and regions as of March 31, 2026. The additional 737-8200s for Akasa Air will contribute to the airline’s fleet growth as it continues to expand its network.
Akasa Air, headquartered in Mumbai, began commercial operations in August 2022 and operates an all-Boeing 737 MAX fleet. As of January 2026, the carrier serves 31 destinations, including 25 domestic and six international points across Qatar, Kuwait, Saudi Arabia, Thailand, and the United Arab Emirates. The latest lease agreement with BOC Aviation supports Akasa’s ongoing capacity ramp-up in India’s competitive low-cost market and its growing international footprint.