Singapore-Based BOC Aviation Orders 43 Airbus A320s

BOC Aviation, the Singapore-based aircraft leasing subsidiary of the Bank of China, has ordered an additional 43 Airbus A320 Family aircraft, comprising seven A320neo Family aircraft and 36 A320ceo aircraft across A320 and A321 variants.

The first eight A320ceo aircraft powered by engines from IAE have been placed. Engine decisions for the rest of the fleet have [at press time] not yet been confirmed.

“Following our order of 38 A320ceo aircraft in the last 18 months, all of which are now placed, we are seeing additional demand for both A320ceo’s and NEOs,” said Robert Martin, BOC Aviation’s Managing Director and Chief Executive Officer. “By adding this order to our pipeline for the next five years, we are confident at meeting the needs of airlines which are expanding or replacing older fleets.”

Including this latest purchase agreement, BOC Aviation’s cumulative orders for new Airbus aircraft have reached 255, as of 30 June 2014, 142 of these have already been delivered, and another 55 committed to lease.

As of 30 June 2014, BOC Aviation’s fleet of 251 aircraft includes 109 Airbus aircraft operated by 27 airlines. There are 98 A320 Family aircraft in the fleet.

“It’s great to see one of the world’s leading lessors, BOC Aviation, based in the fast growing Asian market, continuing to invest in our market leading A320 Family,” said Fabrice Brégier, Airbus President and CEO. “This tells us that not only are our aircraft universally recognised as the industry’s benchmark for efficiency, comfort and reliability but also underlines the financial community’s confidence in the A320 Family as a sound financial asset.”

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