More end-of-fiscal-year fun, with lesser BOC Aviation going shopping at both Boeing and Airbus
Boeing
Boeing and BOC Aviation have announced a new, firm order for 50 737-8 jets, expanding the lessor’s 737 MAX portfolio to 215 737-8s and 737-9s In turn, 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.
Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation said:
“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,”
“This order will enable us to continue providing our airline customers with technologically advanced aircraft for their future fleet growth.”
Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing added:
“BOC Aviation’s latest investment in the 737-8 demonstrates the confidence lessors have in this airplane to meet continued air travel demand and improve fuel efficiency,”
“The 737-8 is much sought after by airlines due to its unmatched versatility, generating significant operational savings because of lower fuel consumption.”
Airbus
Let’s cross over the Atlantic where BOC Aviation has placed a firm order with Airbus for an additional 70 A320neo Family aircraft.
With this order, BOC Aviation’s backlog of aircraft to be delivered becomes the largest in its history with Airbus.
Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation.
“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,”
“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.”
Benoit de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business said
“This new major order by BOC Aviation, is a testament to its enduring confidence in the A320 family – the world’s most successful single-aisle aircraft. This significant investment makes BOC Aviation one of the largest Airbus customers and highlights the strong and continued market demand for our fuel-efficient aircraft and their long-term value. The A320 family delivers exceptional benefits to operators, and we look forward to continuing our collaboration with BOC Aviation, providing airlines with cutting-edge fleet solutions.”
Another 120 aircraft
It seems that BOC Aviation is getting in early to secure slots on the production line, with these orders securing slots into the 2030s. For BOC Aviation, it means they’ll have to aircraft they need to respond to customer requests – which end up as aircraft passengers sit on.
120 aircraft is no small investment – so it is interesting to see that BOC Avavtion is readying itself for the future.
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