InterGlobe Aviation signs lease agreements for 7 A321neo aircraft

InterGlobe Aviation Ltd has signed long-term lease agreements for seven Airbus A321neo aircraf t with leasing company Dubai Aerospace Enterprise Ltd. InterGlobe Aviation operates IndiGo. Though the tenure of the lease agreements was not disclosed, InterGlobe Aviation enters into pacts, which have a tenure of five to six years, af ter which the aircraf t are returned to the lessors, as per prevalent norms.