Global aircraft leasing giant, BOC Aviation Limited, has significantly expanded its fleet with a landmark order for 120 new aircraft. The narrowbody order comprises Airbus A320neo and Boeing 737 MAX aircraft.
The company announced agreements to purchase 70 Airbus A320neo family aircraft and 50 Boeing 737 MAX 8 aircraft.
It signals a strong confidence in single aisle future fleet expansions and meeting the growing demands of airline customers worldwide.
Airbus A320neo Order: A Long-Standing Partnership
BOC Aviation’s agreement with Airbus for 70 A320neo family aircraft continues a robust and enduring partnership. Deliveries are slated to occur through 2032, providing a steady stream of modern, fuel-efficient aircraft.
The order also includes valuable conversion rights. This flexibility allows BOC Aviation to adapt to evolving market needs by switching between different A320neo family variants.
Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation explains the latest bulk order. “This transaction elevates our remaining Airbus orderbook to approximately 200 aircraft. It pushes our total Airbus deliveries beyond 700 since our inaugural order in 1996.”
“This order reinforces our standing as a top-five global aircraft operating lessor and secures a strong delivery pipeline for the next decade. We are eager to supply our airline clients with these popular, fuel-efficient, and technologically advanced aircraft.”
Benoit de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business, also highlighted the significance of the order.
“This new major order from BOC Aviation is a testament to their unwavering confidence in the A320 family – the world’s most successful single-aisle aircraft.”
“his substantial investment positions BOC Aviation as one of Airbus’s largest customers, showcasing the sustained market demand for our fuel-efficient aircraft and their long-term value.”
“The A320 family offers exceptional benefits to operators, and we anticipate continuing our collaboration with BOC Aviation, providing airlines with cutting-edge fleet solutions.”
Boeing 737 MAX Order: Fuel Efficiency and Future Growth
Simultaneously, BOC Aviation has solidified its commitment to Boeing by ordering 50 new 737 MAX 8 narrowbody aircraft. Deliveries are scheduled through 2031, further bolstering the company’s fleet with modern, fuel-efficient aircraft.
Similar to the Airbus agreement, this deal includes conversion rights, allowing for flexibility within the Boeing 737 family.
“Our strong partnership with Boeing has culminated in this 50-aircraft order for the fuel-efficient Boeing 737-8 aircraft,” explained Steven Townend.
“With this transaction, we have commitments to purchase over 140 of these aircraft, representing 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, emphasized the value of the 737-8. “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 highly sought after by airlines due to its unmatched versatility, generating significant operational savings through lower fuel consumption.”
Strategic Expansion for a Dynamic Market
These substantial orders for Boeing 737 MAX and Airbus A320neo family aircraft from BOC Aviation reflect the company’s strategic vision to capitalize on the growing demand for modern narrowbody, fuel-efficient aircraft.
By securing a robust delivery pipeline from both Airbus and Boeing, BOC Aviation is well-positioned to support its airline customers.
It ensures long-term growth and success in the dynamic aviation market. This move further solidifies BOC Aviation as a leading global aircraft lessor.
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