BOC Aviation Limited has announced that it has signed a purchase-and-leaseback agreement with Southwest Airlines for 10 Boeing 737 MAX 8 aircraft. All 10 aircraft are powered by CFM LEAP-1B engines.
Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are delighted to be working with Southwest Airlines once again, building on a long-term relationship that dates back to 2008. This is the sixth major aircraft investment that we have announced this year, which reflects our Company’s ability to provide innovative financing solutions for large-volume transactions and our commitment as a global partner to our airline customers.”
Top Copyright Photo: Southwest Airlines Boeing 737-8 MAX 8 N8708Q (msn 42566) LAX (Michael B. Ing). Image: 945961.
Singapore-based lessor BOC Aviation Limited has placed a firm order with Airbus for 20 A320neo aircraft. Up to 12 of the newly-ordered aircraft will be leased to Colombia’s Avianca Airlines.
Featuring the widest single-aisle cabin in the sky, the A320neo Family incorporates the latest technologies, including new generation engines and Sharklets, which together deliver 20 per cent reduced fuel burn as well as 50 percent less noise compared to previous generation aircraft.
Boeing (BA) and BOC Aviation (Singapore), announced an order for 22 737 airplanes, building on the leasing company’s existing order book to fulfill customer demand.
The order, consisting of 11 Next-Generation 737-800s and 11 737 MAX 8 airplanes, will be posted to Boeing’s Orders and Deliveries website once finalized.
In addition to today’s announcement, BOC Aviation has ordered 167 737 airplanes, including 50 737 MAXs and 16 777s.
BOC Aviation is a leading global aircraft leasing company with a portfolio of 253 owned and managed aircraft operated by 59 airlines worldwide in 29 countries, with commitments to acquire 203 aircraft, as of 30 September 2015. BOC Aviation, owned by Bank of China, is based in Singapore with offices in Dublin, London, Seattle and Tianjin.
Boeing (Chicago, Seattle and Charleston) and BOC Aviation have finalized an order for two additional 737-800s, valued at $186 million at current list prices.
The order is a part of the Singapore-based leasing company’s effort to grow its portfolio of fuel-efficient airplanes.
BOC Aviation, owned by Bank of China, is the leading global aircraft leasing company based in Asia, owning one of the youngest fleets in the industry with an average aircraft age of less than four years. These two aircraft add to BOC Aviation’s order of 82 Boeing aircraft in August, which comprised 80 737s, of which 50 are 737 MAXs, as well as two 777-300 ERs (Extended Range).
Vistara (TATA SIA Airlines Limited) (Delhi) on September 25 announced that it has taken delivery of its first Airbus A320-200 single aisle aircraft with Sharklets. Airbus A320-232 VT-TTB (msn 6223) was handed over on September 24. The brand new aircraft is the first of 20 A320 Family aircraft to be leased from BOC Aviation, Asia’s leading aircraft operating lessor.
The aircraft’s arrival at Indira Gandhi International Airport, Delhi (below) is a key milestone for Vistara as it moves toward operational launch in October 2014.
With this first acquisition, Vistara plans to increase its fleet to 20 aircraft, including A320neos, by the end of the fourth year of operation.
TATA SIA Airlines Limited, known by the brand name Vistara, is a joint venture between Tata Sons Limited and Singapore Airlines Limited (SIA) with Tata Sons holding the majority stake of 51% in the company and SIA holding the remaining 49%. Vistara brings together Tata’s and SIA’s legendary hospitality and renowned service excellence to launch the finest full service carrier in India aimed at creating memorable and personalized flying experiences for its customers. Obsessed with quality, the company aims to set new standards in the aviation industry in India, with international best practices and state-of-the-art technology in the Indian air transport sector.
Above Photo: Vistara has a link to the previous Tata Air Lines on India.
BOC Aviation, owned by Bank of China, is headquartered in Singapore with offices in Dublin, London and Seattle.
Boeing (Chicago and Seattle) announced today an order by BOC Aviation for 50 737 MAX 8s, 30 Next-Generation 737-800s and two 777-300ERs (Extended Range). The order, valued at $8.8 billion at list prices, is the largest in BOC Aviation’s 20-year history and part of the Singapore-based leasing company’s effort to grow its portfolio of fuel-efficient airplanes.