Griffin Global Asset Management announces appointment of

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DUBLIN, Ireland, June 09, 2022 (GLOBE NEWSWIRE) — Griffin Global Asset Management (“Griffin”) is pleased to announce the purchase and leaseback agreement for five Boeing 737-8 aircraft with Akasa Air, a new airline based in India. Aircraft deliveries are expected to begin in June 2022 and will include Akasa Air’s first aircraft.

“We were introduced to Akasa Air’s management team over a year ago and watched with enthusiasm how they skillfully built the airline from the ground up. We are honored to enter into this long-term relationship upon the launch of Akasa. They have developed a business strategy that addresses a market need and have assembled a very impressive team to execute on that plan,” said Ryan McKenna, Griffin President and CEO.

Commenting on the alliance, Vinay Dube, Founder, Managing Director and CEO of Akasa Air, said, “We are thrilled to have Griffin as our growth partner as we begin our journey in aviation. The high level of trust and approval from the Griffin team is a testament to Akasa Air’s strong and enduring future.

About Griffin Global Asset Management

Griffin is a commercial aircraft leasing and alternative asset management company with offices in Dublin, Ireland, Puerto Rico and Los Angeles, California. Griffin’s team of aviation professionals work closely with airlines, OEMs and financiers to provide customized fleet solutions and innovative financing products to airlines worldwide.

For more information visit www.griffingam.ie or www.griffingam.com.

About Akasa Air

Akasa Air will be India’s newest and most reliable airline, offering warm and efficient customer service, reliable operations and affordable fares, all the Akasa way. Akasa’s youthful personality, employee-centric philosophy, technology-driven approach and service culture will make this commitment a reality for all Indians. The carrier plans to offer commercial flights from summer 2022 to meet growing demand across India.

Committed to being socially responsible, Akasa Air has placed a firm order for 72 Boeing 737 MAX aircraft, powered by CFM fuel-efficient LEAP-1B engines. The 737 MAX Family aircraft deliver superior efficiency in reducing fuel burn and carbon emissions, fulfilling the airline’s promise to be an environmentally responsible company with the youngest fleet and the greenest in the Indian sky.

Press inquiries

Lauren Groom
lgroom@griffingam.com

Akasa Air Corporate Communications
media@akasaair.com

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