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BOC Aviation Delivers Seventh of Seven Boeing 737 MAX 8s on Lease to TUI

Updated: Jul 9, 2021

BOC Aviation Limited has delivered the seventh of seven Boeing 737-8 MAX aircraft on lease to TUI Travel Aviation Finance Limited (TUI). The aircraft are all powered by CFM LEAP-1B engines.

TUI Boeing 737-8 MAX - Courtesy TUI

On Monday (July 5, 2021), BOC Aviation Limited announced that they have delivered the seventh of seven Boeing 737 MAX 8s on lease to TUI Travel Aviation Finance Limited. The aircraft are powered by CFM LEAP-1B engines.

Commenting in Monday’s announcement, BOC Aviation’s Managing Director and Chief Executive Officer, Robert Martin, said,

“We are delighted to work with our long-standing customer TUI, and to provide TUI with the most fuel-efficient, latest technology aircraft. Following the international recertification of the Boeing 737 MAX aircraft, we delivered all seven aircraft to TUI in just four months, which reflects a high level of teamwork on both sides. We look forward to developing our relationship with TUI further and remain committed to providing our customers with large scale financing solutions as well as technologically advanced aircraft.”

Also commenting on the aircraft delivery, TUI Group’s Managing Director – Fleet and Asset Management, Tom Chandler, said,

“We are very pleased to have expanded our relationship with BOC Aviation through these financing transactions, agreed in two tranches August 2020 and October 2020, with the completion of the deliveries in time for the peak summer season. We look forward to other opportunities to work with BOC Aviation in future. These additional Boeing 737 MAX aircraft are a valuable addition to our fleet, characterized by considerably lower fuel consumption and noise emissions than the aircraft that they replace. This contributes to our aim to reduce the environmental impact of holidays and to maintain our top ranking among the world’s most carbon-efficient airlines.”

TUI is the world’s leading tourism group. The Group includes tour operators, 1,600 travel agencies, leading online portals, five airlines with approximately 150 aircraft, over 400 hotels and 15 cruise liners. Covering the entire tourism travel chain under one roof, a key value of the company's culture is global responsibility for economic, environmental and social sustainability. TUI Group’s shares are listed in the FTSE 250 index, in the Quotation Board of the Open Market on the Frankfurt Stock Exchange, and Regulated Market of the Hanover Stock Exchange.

Singapore-based BOC Aviation Limited (HKEX Code: 2588) is a leading global aircraft operating leasing company with a fleet of 549 owned, managed or ordered aircraft. As of March 31, 2021, the company’s owned and managed fleet was leased to 86 airlines in 38 countries and territories. In addition to their Singapore headquarters, BOC maintains offices in Dublin, London, New York and Tianjin. BOC Aviation Limited is a Member of The Bank of China Group.

Source: BOC Aviation Limited, TUI Group


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