AerCap, the world's biggest aircraft leasing company which is headquartered in Dublin, has leased four new Airbus A321neo aircraft to Air India, the flag carrier of India.
The four new planes are the first A321neo aircraft to be inducted into the Air India fleet.
AerCap is the first lessor to lease aircraft to Air India under the airline's new Tata Group ownership.
Peter Anderson, the chief commercial officer of AerCap, said this 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," he added.
Nipun Aggarwal, chief commercial and transformation officer at Air India, said the four new planes will join the airline's 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," he added.
