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Air India Receives Four New CFM LEAP-1A Powered Airbus A321neos on Lease From AerCap

Air India has received their fourth of four new Airbus A321neos on lease from AerCap. The aircraft are powered by CFM LEAP-1A engines, and are the first of the type to be inducted into Air India’s fleet.

Rendering of Airbus A321neo in AerCap Livery - Courtesy AerCap

On Thursday (May 18, 2023), AerCap announced that they have delivered four Airbus A321neos on lease to Air India, becoming the first lessor to Air India under new Tata Group ownership. The new aircraft are powered by CFM LEAP-1A engines and are the first of the aircraft type to be inducted into Air India’s fleet. Founded by the legendary JRD Tata, Air India pioneered India’s aviation sector. Since their inaugural flight on October 15, 1932, Air India has developed and extensive domestic and international network with service to destinations across North America, the UK, Europe, the Far East, Southeast Asia, Australia and the Gulf. Air India is a member of the global Star Alliance. After 69 years of government ownership, Air India and Air India Express were welcomed back into the Tata Group in January 2022.

In Thursday’s announcement, AerCap’s Chief Commercial Officer, Peter Anderson, said,

“It is a very exciting time for Air India as it returns to Tata Group ownership and transitions its fleet to meet the rapidly growing Indian aviation market. AerCap is delighted to play a role in Air India's fleet transformation by providing its first tranche of NEO aircraft on operating lease. We wish Air India and the Tata Group every success as they restore Air India to one of the world's leading airlines.”

Also commenting on the A321neo leases, Air India’s Chief Commercial and Transformation Officer, Nipun Aggarwal, said,

“These four new, leased Airbus A321neo aircraft join our fast-growing fleet as part of the sweeping transformation in progress at Air India. We look forward to continuing our very successful partnership with AerCap as we go along in our continuing effort to build Air India as one of the world's finest airlines.”

Air India Airbus A321neo on Lease From AerCap - Courtesy AerCap

Founded in 1868 by Jamsetji Tata, the Tata Group is a global enterprise headquartered in India, comprised of 30 companies across ten verticals. The Group operates businesses in over 100 countries across six continents.

AerCap Holdings N.V. (NYSE: AER) is the global leader in aircraft leasing and maintains one of the most attractive order books in the industry. The company serves around 300 customers in 80 countries with comprehensive fleet solutions. AerCap is headquartered in Dublin and maintains offices in Shannon, Miami, Memphis, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse, and other locations around the world.

Source: AerCap


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