LONDON – On 27 December, leasing giant BOC Aviation and Boeing announced an impressive end-of-year deal, placing an additional 40 Boeing 737-8 MAXs on its backlog order.
This champions BOC’s initiative and strategy to ensure its customers have access to the newest planes possible, that are economical to operate, environmentally sustainable and safe.
These new narrowbody jetliners are in high demand from airlines globally, as many markets are experiencing a pent-up demand in commercial and cargo traffic.
David Walton, BOC Aviation deputy managing director and the chief operating officer said proudly: “We are pleased to continue to build on our existing relationship with Boeing, with this 40-aircraft incremental order for the fuel-efficient Boeing 737-8 aircraft.”
“The incremental order takes our total 737 MAX 8 order book with Boeing to 80 aircraft,” David added.
“We look forward to continuing to provide one of the industry’s most technologically advanced aircraft for delivery on lease to our airline customers, and to support their sustainable growth over the balance of this decade.”
U.S. aircraft manufacturer Boeing is steadily witnessing a strong climb in demand for its Boeing 737 MAX family, with more than 1,500 gross orders since 2020. This is an impressive comeback from its 2 horrific crashes which resulted in a global MAX grounding.
Ryan Weir, vice president of Global Leasing Sales, Boeing Commercial Airplanes: “We are proud that BOC Aviation continues to invest in the 737-8 with its industry-leading versatility and ability to fly almost any short- and medium-haul market profitably,”
Weir furthered: “We look forward to more opportunities to expand our relationship to support BOC Aviation and its customers.”
Why the MAX jets are so desired?
The 737-8 is manufactured to compete with its European rival, the Airbus A320neo family. With its similar petite size, the MAX jets offer more fuel efficiency, reliability and flexibility in the single-aisle market.
There is increasingly stiff competition from Russia, with the MS-21 and the newly launched Chinese C919. The Seattle-native 737-8 MAX can fly as far as 3,500 nautical miles – about 600 miles farther than its predecessor (737NG New Generation).
This will inevitably allow airlines to fly further and explore new markets, increasing revenue and profits. Importantly, the 737-8 MAX variant compared to the NG’s spews out 20% less fuel and significantly reduces carbon emissions and operating costs.
Boeing is one of the few leading global aerospace companies. The American company builds, designs, develops and services commercial aircraft, defence products, and space systems for customers in more than 150 countries.
Boeing is also a top exporter of the United States, where the company brings in talents of leaders and top-notch global suppliers to build its products name in the state of Washington and North Carolina.
Boeing’s ethos is committed to building an environmentally friendly ecosystem, based on the company’s core values of safety, quality, and integrity.
About BOC Aviation
BOC Aviation is an aviation-listed company on the Hong Kong Stock Exchange. The company has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin.
BOC Aviation is a leading global aircraft operating and leasing company. The Hong Kong-listed company has an impressive fleet of 612 aircraft owned, managed and on order.
As of September 2022, BOC aviation’s owned and managed fleet was leased out to more than 38 countries with more than 81 airlines flying them.