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BOC Aviation Orders 11 New Boeing 737-8 MAX Aircraft for Long Term Lease to Lynx Air

BOC Aviation has agreed to purchase 11 new Boeing 737-8 MAX aircraft, which will be placed on long-term lease with Lynx Air. The aircraft will be powered by CFM LEAP-1B engines and are scheduled for delivery in 2023 and 2024.

Lynx Air Boeing 737-8 MAX - Courtesy Lynx Air

On Thursday (March 3, 2022), BOC Aviation Limited announced the purchase of 11 Boeing 737-8 MAX aircraft. The airplanes will be placed on long-term lease with Lynx Air, Canada’s new ultra-low-cost carrier, and will be delivered in 2023 and 2024. Lynx Air’s new 737-8s will be powered by CFM International LEAP-1B engines.

In today’s announcement, Lynx Air’s CEO, Merren McArthur, said,

“We are pleased to be partnering with BOC Aviation for the lease of 11 of our new aircraft. The financing of these aircraft is integral to our growth plans as we continue our mission to make air travel accessible to all Canadians. We are looking forward to welcoming Canadians on board these brand-new Boeing 737 MAX airplanes.”

Also commenting on the new purchase and lease placement, BOC Aviation’s Managing Director and Chief Executive Officer, Robert Martin, said, “We are delighted to welcome Lynx as a new customer and are pleased to support the airline’s plans to serve the Canadian travel market with the most fuel-efficient, technologically advanced aircraft. This transaction demonstrates the innovative financing solutions that we provide for our global customer base and reflects our disciplined investment strategy focused on a portfolio of latest technology aircraft.”

Lynx Air is Canada’s new ultra-low-cost carrier (ULCC) which was founded with the mission of making travel accessible to all Canadians with low fares, great customer service, and a fleet of brand new Boeing 737 aircraft. The carrier is privately-owned and has the financial backing and industry expertise to transform the competitive aviation landscape in Canada.

Singapore-based BOC Aviation Limited (HKEX Code: 2588) is a leading global aircraft operating leasing company with a fleet of 521 owned, managed or ordered aircraft. As of December 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(s): BOC Aviation Limited, Lynx Air

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