BOC Aviation Orders 120 New Airbus, Boeing Aircraft

BOC Aviation has ordered 120 single-aisle aircraft from Airbus and Boeing consisting of 70 A320 NEO jets and 50 Boeing 737 Bus to enhance its expansion. The deliveries are scheduled from 2031 to 2032 with conversion rights to other variants. This strengthens BOC Aviation's position as a leading global aircraft lessor, demonstrating confidence in fuel-efficient aircraft to meet future air travel demand.

Singapore-based aircraft leasing firm BOC Aviation said that on Monday, it ordered 120 single-aisle planes from Airbus and Boeing to boost its expansion plans. The company ordered 70 A320NEO aircraft from Europe's Airbus and 50 737-8s from US rival Boeing. The Airbus planes are scheduled for delivery through 2032 and include conversion rights to other variants of the A320NEO family, BOC Aviation said.

Delivery of the Boeing jets is set for 2031 and includes conversion rights to other variants of the B737 family. No prices were revealed. "This transaction will lift our remaining Airbus order book to around 200 aircraft and take sour total Airbus aircraft deliveries to over 700 since our first order in 1996,' BOC chief executive and managing director Steven Townend said.

'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.'

Benoit de Saint Exupery, executive vice president for sales at Airbus's commercial aircraft business, described the deal as a significant investment by BOC, highlighting the strong and continued market demand for our fuel-efficient aircraft and their long-term value.

Brand Mc Mullen, Boeing senior vice president of commercial sales and marketing, said the other demonstrates the conference lessors have in this airplane to meet continued air travel demand and improve fuel efficiency. BOC has a portfolio of more than 800 planes and engines owned and managed, and on order as of the end of last year, its fleet was leased to 92 airlines in 48 countries worldwide. The firm's Hong Kong-listed shares edged down 0.2 per cent in morning trade.