SINGAPORE- BOC (Bank of China) Aviation has strengthened its position as a leading global aircraft lessor by placing significant new orders with both Boeing and Airbus. The company recently announced a firm order for 50 Boeing 737-8 jets and 70 Airbus A320neo Family aircraft.
BOC Aviation, headquartered in Singapore, maintains a diverse fleet exceeding 800 aircraft and engines that are owned, managed, or on order. As of December 31, 2024, its owned and managed aircraft were leased to 92 airlines across 48 countries and regions worldwide.
BOC Aviation Orders
Boeing
BOC Aviation’s order for 50 Boeing 737-8 jets increases the lessor’s total 737 MAX portfolio to 215 aircraft, including both 737-8s and 737-9s. This transaction boosts BOC Aviation’s unfilled Boeing orders to 139 aircraft, marking the largest Boeing orderbook position in the company’s history!
The lessor currently has 69 737 MAX airplanes on operating leases serving more than 15 airlines globally. Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation, highlighted the importance of this purchase in strengthening their partnership with Boeing while providing airlines with technologically advanced aircraft for future fleet growth.
Airbus
BOC Aviation placed a firm order with Airbus for an additional 70 A320neo Family aircraft. This transaction increases BOC Aviation’s remaining Airbus orderbook to approximately 200 aircraft and will bring their total Airbus aircraft deliveries to over 700 since their first order in 1996.
Townend noted that this order solidifies BOC Aviation’s position among the top five global aircraft operating lessors and provides a strong delivery pipeline extending into the next decade.
Global Demand for Fuel-Efficient Aircraft
These strategic purchases reflect the projected growth in single-aisle jet demand, which is expected to account for 75% of global aircraft deliveries over the next two decades. Lessors are actively building their order books to support airlines’ fleet expansion plans and to replace aging, less-efficient jets.
“BOC Aviation’s latest investment in the 737-8 demonstrates the confidence lessors have in this airplane to meet continued air travel demand and improve fuel efficiency.”
Brad McMullen, Senior Vice President of Commercial Sales and Marketing, Boeing
Meanwhile, the Airbus A320 Family has won more than 19,000 orders globally, making it the world’s most popular single-aisle aircraft. The family includes the larger A321neo, which offers extended range and performance capabilities.
“The A320 family delivers exceptional benefits to operators, and we look forward to continuing our collaboration with BOC Aviation.”
Benoit de Saint-Exupéry, EVP Sales of the Commercial Aircraft business, Airbus
Benoit highlighted the A320 Family’s environmental credentials, noting that the aircraft can operate with up to 50% SAF today, with capabilities to reach 100% by 2030.
Future Outlook
These substantial orders reinforce BOC Aviation’s role in providing essential aviation infrastructure to airlines worldwide. As older aircraft retire from passenger operations, these new fuel-efficient models will help airlines reduce operating costs while meeting increasing environmental standards.
The transactions represent significant commitments from both manufacturers and BOC Aviation to support the aviation industry’s recovery and future growth while advancing sustainability goals through more efficient aircraft technology.
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