BOC Aviation, one of the world’s leading aircraft lessors, has placed a firm order with Airbus for an additional 70 A320neo Family aircraft. BOC Aviation have also announced a new, firm order for 50 737-8 jets, expanding the lessor’s 737 MAX portfolio to 215 737-8s and 737-9s.
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“This transaction will lift our remaining Airbus orderbook to around 200 aircraft and takes our total Airbus aircraft deliveries to over 700 (including purchase and leasebacks) since our first order in 1996,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “This order solidifies our position as one of the top five global aircraft operating lessors and provides us with a strong delivery pipeline into the next decade. We look forward to providing more airline customers with this popular fuel-efficient and technologically advanced aircraft.”
On the Boeing side, BOC Aviation will increase its Boeing order book to 139 unfilled orders. BOC Aviation currently has 69 737 MAX airplanes on operating leases to more than 15 airlines worldwide.
“Our strong partnership with Boeing has led to this 50-aircraft order for the fuel-efficient Boeing 737-8 aircraft. With this transaction, we have commitments to purchase over 140 of these aircraft, which is the largest Boeing orderbook position in our history,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “This order will enable us to continue providing our airline customers with technologically advanced aircraft for their future fleet growth.”
With single-aisle jets projected to account for 75% of global deliveries over the next 20 years, lessors are looking to build their order books to support airlines’ fleet growth plans and replace less-efficient older jets.