India’s low-cost-carrier Akasa Air has signed a sale and leaseback agreement with BOC Aviation for three Boeing 737 MAX 8200 aircraft.
On May 20, 2026, BOC Aviation confirmed that all three Boeing 737 MAX 8200s would be powered by CFM LEAP-1B engines. They are scheduled for delivery by the end of this year.
This is the second sale and leaseback contract between Akasa Air and BOC Aviation to have been signed over the last seven months.
In November 2025, BOC Aviation and Akasa Air finalized a sale-leaseback deal for three Boeing 737-8 aircraft. At the time the aircraft were scheduled for delivery in January 2026.
“Following our successful transaction last November, we are pleased to be executing a further agreement with Akasa as it builds its business in India and beyond,” said Paul Kent, CCO at BOC Aviation. “The modern Boeing 737 family on which it is centering its fleet development remains one of the world’s most popular single-aisle jets, demonstrates industry-leading fuel efficiency and is a cornerstone of our orderbook.”
Priya Mehra, Chief of Governance and Strategic Acquisitions at Akasa Air, said the company was pleased to “further deepen our partnership” with BOC Aviation through the additional three Boeing 737 MAX 8200 aircraft.
“As a leading global aircraft lessor, BOC Aviation brings deep institutional expertise and a strong understanding of the evolving aviation landscape, making it an important strategic financing partner for Akasa Air,” Mehra said. “This agreement aligns with our disciplined approach to scaling the airline through a modern, fuel-efficient fleet while maintaining capital efficiency, financial flexibility, and long-term operational resilience.”
She added that the agreement “reflects a shared long-term conviction in Akasa Air’s growth trajectory and the strength of the Indian aviation market”.
According to ch-aviation, Akasa Air currently operates an active fleet of 15 737 MAX 8200s and 22 737 MAX 8s.
