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Singapore-Based Leasing Firm BOC Aviation Limited Orders 20 Airbus A320neos

Airbus announced on Tuesday that BOC Aviation Limited has ordered 20 more Airbus A320neos. The Singapore-based lessor will lease up to 12 of the new aircraft to Colombia’s Avianca Airlines.

BOC Aviation Limited Airbus A320neo - Courtesy Airbus

Today, Airbus announced that Singapore-based aircraft lessor BOC Aviation Limited has placed a firm order for an additional 20 A320neos. The company currently owns 37 of the aircraft and with today’s order has a total of 78 on order. Up to 12 of the 20 newly ordered A320neos will be leased to Colombia’s Avianca Airlines. The global aircraft leasing company also has 10 Airbus A330neos and two A350s on order. Additionally, the company has ordered 87 Boeing 737 MAXs, three 777-300ERs, and four 787s.

BOC Aviation Limited is a major global aircraft lessor with 309 owned aircraft, 36 managed aircraft and 164 aircraft currently on order. The company has been profitable for over 25 years and leases aircraft to some of the world’s best known carriers. BOC’s portfolio of owned aircraft has an average age of less than four years, making their fleet one of the youngest in the aircraft leasing business. The company maintains an A- rating with both Standard and Poor’s and Fitch and is publicly traded on the Hong Kong Stock Exchange (HKEx code: 2588). BOC Aviation Limited is based in Singapore but also has offices in Dublin, London, New York and Tianjin.

The Airbus A320neo Family of aircraft incorporates the latest aerodynamic technologies including sharklets as well as next generation engines to deliver a 20% fuel burn reduction and a noise footprint that is half of previous generation aircraft.

Source(s): Airbus, BOC Aviation Limited

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