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BOC Aviation Signs Lease Agreement for Nine Airbus A320neo Family Aircraft With Gulf Air

BOC Aviation has entered into an agreement with Airbus for the purchase on nine aircraft, including six A320neos and three A321neos, which will be delivered on long-term leases to Gulf Air.


Gulf Air Airbus A320neo - Courtesy Airbus
Gulf Air Airbus A320neo - Courtesy Airbus

On Thursday (May 29, 2025), BOC Aviation Limited announced the signing of an agreement with Airbus to acquire nine aircraft, including six A320neos and three A321neos.  Powered by CFM LEAP-1A engines, these aircraft will be delivered on long-term leases to Gulf Air from 2025.


 In Thursday’s announcement, BOC Aviation’s CEO and Managing Director, Steven Townend, said,


“As a global aircraft operating leasing company, we are proud to add Gulf Air as our customer.  This transaction provides Gulf Air with nine technologically advanced aircraft that will deliver over a period of three years to support its fleet growth and demonstrates our ability to meet our customers’ financing needs.”


Also commenting on the new lease agreements, Gulf Air’s CEO, Dr. Jeffrey Goh, added,


“We are pleased to be able to enhance our fleet with these new aircraft, which will enable us to provide an even better travel experience for our passengers.  This partnership with BOC Aviation underscores our commitment to modernising our operations and expanding our network.”


Singapore-based BOC Aviation Limited (HKEX Code: 2588) is a leading global aircraft operating leasing company with a portfolio of 829 owned, managed or ordered engines and aircraft.  As of March 31, 2025, the company’s owned and managed fleet was leased to 93 airlines in 48 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.


Founded in 1950, Gulf Air is the national carrier of the Kingdom of Bahrain and currently serves over 50 cities in 30 countries across three continents.  From their hub at Bahrain International Airport, the airline offers twice daily service to 10 or more regional cities as well as international flights to the Indian subcontinent and Europe.  The airline is known for its traditional Arabian hospitality, and Gulf Air is committed to becoming an industry leader by developing products and services that reflect the evolving needs and aspirations of their guests.



Source(s): BOC Aviation Limited, Gulf Air

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