Air Canada has announced a strategic agreement with BOC Aviation Limited for the placement of eight brand-new Boeing 737-8 aircraft.
This addition strengthens Air Canada’s fleet flexibility, expands capacity, and aligns with the airline’s sustainability goals.
Aircraft Configuration & Delivery Schedule
The eight Boeing 737-8s are scheduled to arrive in 2024. Following essential modifications, they will enter service in 2025.
Initially, the aircraft will operate with a single Economy class configuration. Air Canada plans to reconfigure them later to match the airline’s established narrow-body, two-cabin standard, ensuring a consistent passenger experience.
All eight aircraft will be powered by CFM LEAP-1B engines, renowned for their fuel efficiency.
Michael Rousseau, President and Chief Executive Officer of Air Canada gave comment on the acquisition.
“We are eager to welcome these fuel-efficient 737-8s to our fleet in 2025 after undergoing necessary modifications,” he said.
“These aircraft will provide us with greater operational agility while contributing to our commitment of reducing emissions.”
Leasing via BOC Aviation
Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation spoke on behalf of the lessor. He expressed his delight at partnering with the national carrier once again.
“We’re honored to support Canada’s flag carrier as it expands its network,” he remarked. “The ongoing rise in passenger demand is driving the need for modern aircraft.”
“We’re thrilled to fulfill this need for Air Canada through this agreement. This provides them with eight planes sourced from our order book featuring the latest technology.”
BOC Aviation is a globally recognized leader in aircraft operating leases. Their impressive portfolio includes 688 aircraft owned, managed, and on order.
As of March 31, 2024, BOC Aviation leases its fleet of owned and managed aircraft to 90 airlines operating in 45 countries and regions worldwide.
The company is listed on the Hong Kong Stock Exchange and has its headquarters in Singapore, with additional offices located in Dublin, London, New York, and Tianjin.
About Air Canada
As Canada’s largest airline and flag carrier, the airline boasts a prominent position within the Star Alliance, the world’s most extensive air travel network.
The airline offers scheduled service to over 180 destinations across six continents, spanning Canada, the United States, and various international locations.
Air Canada has earned a prestigious Four-Star ranking from Skytrax, a testament to its high service standards.
Air Canada’s loyalty program, Aeroplan, is a leader in the Canadian travel rewards scene. Members can accumulate and redeem points on flights operated by Air Canada and its extensive network of 45 partner airlines.
Additionally, the program offers a wide range of merchandise, hotel, and car rental partners for added convenience.
Through Air Canada Vacations, the airline provides Canadians with the most comprehensive travel options, encompassing hundreds of global destinations, hotels, flights, cruises, day tours, and car rentals.
Air Canada Cargo, the airline’s freight division, offers air freight services and connectivity to numerous destinations across six continents, utilizing both passenger and dedicated cargo aircraft.
Committed to environmental responsibility, the carrier has set an ambitious target of achieving net-zero emissions from all global operations by 2050.
Air Canada’s shares trade publicly on the Toronto Stock Exchange (TSX) in Canada and the OTCQX Market in the United States.
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