Akasa Air announces partnership with Rolls-Royce for engine leasing deal

"The set-up of our new entity has already proved beneficial for growing Indian airline, Akasa Air. We’re providing the airline with a long-term sale and leaseback solution for two LEAP-1B engines that are delivering in September and October 2024, Rolls-Royce & Partners Finance Engine Leasing said in a statement.

Akasa Air and Rolls-Royce & Partners Finance Engine Leasing (India) IFSC Pvt Ltd have partnered to provide the airline with a long-term sale and leaseback solution for two LEAP-1B engines that are delivering in September and October 2024.

"As the aviation industry continues to evolve, we recognize the importance of aligning with innovative partners who share our vision for the future,” comments Priya Mehra, Chief of Governance & Strategic Acquisitions at Akasa Air.

“We are excited to have had the opportunity to partner with RRPF in their first transaction from the International Financial Services Centre (IFSC) in GIFT City. This collaboration is a testament to our proactive approach in navigating the complexities of the aviation landscape, as well as our wholehearted commitment to partnering in the growth of India’s aviation finance sector,” Akasa Air said in a statement.

Rolls-Royce & Partners Finance (RRPF) said in a statement, “As the aviation industry continues to evolve, we recognize the importance of aligning with innovative partners who share our vision for the future,” comments Priya Mehra, Chief of Governance & Strategic Acquisitions at Akasa Air. “We are excited to have had the opportunity to partner with RRPF in their first transaction from the International Financial Services Centre (IFSC) in GIFT City. This collaboration is a testament to our proactive approach in navigating the complexities of the aviation landscape, as well as our wholehearted commitment to partnering in the growth of India’s aviation finance sector.”

Mithra Ram, our Business Development Executive has been in GIFT City facilitating the launch of the new office. “It’s a great time to be on the ground here,” he explains. “There seems to be activity everywhere you look, with new infrastructure and amenities popping up every day, attracting key players in the industry. As a business development executive, being here means I can work closely with Indian airline customers to understand their needs and forge relationships that will deliver value throughout their growth and beyond.”

“We’re very proud to be opening our first office in India,” said Darragh O'Callaghan, Director of Sales & Marketing at RRPF. “It’s an exciting time to play a key role in this market and enable Indian airlines to support the unprecedented growth we’re expecting to see over the next decade.”