{"id":70944,"date":"2024-10-07T19:36:02","date_gmt":"2024-10-07T14:06:02","guid":{"rendered":"https:\/\/aviationa2z.com\/?p=70944"},"modified":"2024-10-18T01:43:59","modified_gmt":"2024-10-17T20:13:59","slug":"united-airlines-leases-4-boeing-planes","status":"publish","type":"post","link":"https:\/\/aviationa2z.com\/index.php\/2024\/10\/07\/united-airlines-leases-4-boeing-planes\/","title":{"rendered":"United Airlines Signs Lease Deal with BOC Aviation for 4 Boeing Planes"},"content":{"rendered":"\n

SINGAPORE-<\/strong> BOC Aviation will lease 4 aircraft to United Airlines (UA)<\/a>, comprising three Boeing 737 MAX 9s and one Boeing 787-9 Dreamliner as per the deals sign by them.<\/p>\n\n\n\n

The lessor, a subsidiary of Bank of China Group, expands its portfolio through this strategic agreement with the major U.S. carrier.<\/p>\n\n\n\n

\"BOC
Photo: Cado Photo<\/figcaption><\/figure>\n\n\n\n

United Airlines Deals with BOC Aviation<\/h2>\n\n\n\n

BOC Aviation confirmed United Airlines’ lease of four operational Boeing aircraft on October 7. CEO Steven Townend emphasized the company’s commitment to supporting United Airlines’ ongoing fleet modernization efforts.<\/p>\n\n\n\n

BOC Aviation views these four aircraft as a strategic investment opportunity. While not explicitly confirmed, operational aircraft status and investment context suggest a sale-and-leaseback transaction. <\/p>\n\n\n\n

The 737 MAX 9s <\/a>utilize CFM International LEAP-1B engines exclusively, while the 787-9 <\/a>features General Electric’s GEnX engines. <\/p>\n\n\n\n

The financing of these four latest generation Boeing aircraft provides us with an incremental investment opportunity as we continue to grow our business.<\/em><\/p>Steven Townend, CEO, BOC Aviation<\/cite><\/blockquote><\/figure>\n\n\n\n

United Airlines currently operates 82 737 MAX 9s, 105 737 MAX 8s, 12 787-8s, 38 787-9s, and 21 787-10s. The carrier standardizes its 787 fleet with GEnx engines, foregoing the alternative Rolls-Royce Trent 1000 option.<\/p>\n\n\n\n

\"BOC
Photo: Cado Photo<\/figcaption><\/figure>\n\n\n\n

United Other Aircraft Leases<\/h2>\n\n\n\n

United Airlines maintains significant lessor relationships with BOC Aviation, currently leasing 17 aircraft<\/strong> from the company: 16 Boeing 737 MAX 9s and one 787-9 (registration N24980). <\/p>\n\n\n\n

They originally ordered the 787-9, which Boeing delivered on August 1, 2020, and established a projected 12-year lease agreement extending until August 2032 with BOC Aviation. <\/p>\n\n\n\n

Boeing executed the delivery of all 16 BOC Aviation-owned 737 MAX 9 aircraft to United Airlines across 2020 and 2021, expanding the carrier’s leased fleet portfolio.<\/p>\n\n\n\n

United Airlines acquired three 737 MAX 9 aircraft in 2024: Aviation Capital Group owns N77582 and N17583, while United Airlines retains ownership of N77580. Boeing’s most recent 787-9 delivery to United occurred in April 2021 with airframe N19986. <\/p>\n\n\n\n

Boeing <\/a>plans to deliver four additional 787-9s to United Airlines in late 2024, with two scheduled for November and two for December 2024. <\/p>\n\n\n\n

United’s Q2 SEC filing confirms Boeing’s contractual obligation for eight 787s, though the airline anticipates receiving only four in the second half of 2024.<\/p>\n\n\n\n

SMBC Aviation Capital announced a significant lease agreement with United Airlines in September for 20 Airbus A321neo aircraft, with deliveries beginning in 2026. <\/p>\n\n\n\n

United Airlines expands its A321neo fleet amidst Boeing’s operational challenges, including the 737 MAX 9 door plug incident, certification delays for MAX 7 and MAX 10 variants, and ongoing labor disputes. <\/p>\n\n\n\n

United’s Q2 report reveals preliminary agreements to lease 40 A321neo aircraft from various lessors. By July, the airline secured definitive agreements for 35 A321neos, scheduling deliveries between 2026 and 2027.<\/p>\n\n\n\n

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United to Lease 40 Airbus A321neo Amid New Delivery Delays<\/a><\/blockquote>