BOC Aviation Signs Lease Agreement with JetSMART for three A320neo Family Jets

BOC Aviation Limited has today announced the purchase of three Airbus A320neo Family aircraft, including two Airbus A321neos and one A320neo, which have been committed on long-term lease to South American ultra-low-cost-carrier JetSMART Airlines.

JetSMART Airbus A320neo Rendering - Courtesy Airbus

On Monday (September 1, 2025), BOC Aviation Limited announced an agreement to purchase two Airbus A321neos and one A320neo, which have been committed on long-term lease to South American ultra-low-cost carrier (ULCC) JetSMART Airlines.  All three aircraft, powered by Pratt & Whitney GTF engines, are scheduled for delivery in 2027.

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

“We are excited to celebrate our third transaction with JetSMART.  These fuel-efficient A320NEO family aircraft will enable JetSMART to expand its footprint in the growing Latin America market.  With this agreement, we have demonstrated our ability to provide our customers with financing solutions to support their fleet expansion ambitions at multiple points in their growth trajectory.”

Also commenting on the long-term lease agreements, JetSMART’s Founder and CEO, Estuardo Ortiz, said,

“This new agreement with BOC Aviation is aligned with our long-term regional growth strategy, which envisions a fleet of 120 aircraft by 2031.  It also reinforces our commitment to operating a modern, fuel-efficient, and environmentally responsible fleet across South America.  We are pleased to continue strengthening long-term partnerships with leading lessors like BOC Aviation, who share our vision and support us with key milestones of our expansion.  The addition of these two A321NEO and one A320NEO aircraft brings us closer to our goal of carrying 100 million passengers by 2028.”

Founded in 2016, JetSMART Airlines is the largest and fastest-growing ULCC in South America.  The carrier operates over 80 routes across Chile, Argentina, Peru, Colombia, Brazil, Uruguay, Paraguay, Ecuador and Dominican Republic with a modern fleet of 49 Airbus A320 and A321 aircraft. JetSMART’s business model has made air travel accessible to millions, and connects secondary cities while reducing prices in every market they serve.  With support from Indigo Partners and American Airlines, JetSMART plans on expanding their fleet to over 120 aircraft by 2031.  In partnership with American Airlines, JetSMART customers can also earn American Airlines' AAdvantage miles.

Singapore-based BOC Aviation Limited (HKEX Code: 2588) is a leading global aircraft operating leasing company with a portfolio of 834 owned, managed or ordered engines and aircraft.  As of June 30, 2025, the company’s owned and managed fleet was leased to 92 airlines in 45 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