BOC Aviation Orders Two Boeing 737-800s

BOC Aviation has finalized an order with Boeing for two additional 737-800s, valued at $186 million at current list prices.

The order is a part of the Singapore-based leasing company's effort to grow its portfolio of fuel-efficient airplanes.

"Building on our order of 80 737 aircraft earlier this year, these two additional Next-Generation 737s enable us to respond to demand from airline customers which are expanding or replacing older fleets," said Robert Martin, BOC Aviation managing director and chief executive officer. "The 737 is known for its operational and fuel efficiency, and BOC Aviation expects continued healthy demand for the Next Generation 737 and 737 MAX."

BOC Aviation, owned by Bank of China, is one of the leading global aircraft leasing companies based in Asia, owning one of the youngest fleets in the industry with an average aircraft age of less than four years.

The two aircraft ordered add to BOC Aviation's order of 82 Boeing aircraft in August, which comprised 80 737s, of which 50 are 737 MAXs, as well as two 777-300ERs (Extended Range).