IndiGo surges 8% on report airline in talks to lease back 12 ATR aircraft
Shares of InterGlobe Aviation — the parent firm of India’s largest airline by market share IndiGo — soared 8 per cent to Rs 1,015 on the BSE on Wednesday amid reports that the airline is in talks with with two lessors to sell and lease back 12 of its ATR 72-600 aircraft and their engines.
“The conversations with at least two lessors — Aergo Capital and DAE — have been going on for the past few days… Each of these aircraft is likely to generate $18 million to $20 million for the low-cost carrier. The plan is to sell and lease back these 12 aircraft to one lessor only,” said a report by The Hindu Businessline.
The airline confirmed to the organisation that it is “working to close these transactions but it will be difficult to give a specific timeframe for its completion”.
