FLEET / ORDER - Boc Aviation Signs Lease Agreement With Philippine Airlines For Two A350-1000 Aircraft

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has agreed to purchase and leaseback two Airbus A350-1000 aircraft to new customer Philippine Airlines Inc. (“PAL”) on long-term operating leases. Both aircraft will be powered by Rolls Royce Trent XWB engines, with the first delivery scheduled for December 2025.

“We are delighted to welcome PAL as a new customer. This is our first A350-1000 delivery and underscores our commitment to supporting the industry’s development with latest-technology aircraft,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “As a global aircraft operating lessor, and the largest headquartered in Asia, our financial strength and orderbook allows us to support the growth our airline customers with both capital and capacity.”

“The addition of the Airbus A350-1000 to our fleet marks a pivotal step in Philippine Airlines’ ongoing fleet modernization program,” said Richard Nuttall, President of Philippine Airlines. “This investment not only aligns with our commitment to operating one of the youngest and most fuel-efficient fleets in the region, but also ensures we can deliver world-class comfort, reliability, and efficiency to our passengers. Our partnership with BOC Aviation reinforces our strategy to enhance our global competitiveness while supporting the sustainable growth of our network.”

 

ORDER - BOC AVIATION SIGNS LEASE AGREEMENT WITH EGYPTAIR FOR THREE A350-900 AIRCRAFT

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has agreed to purchase and leaseback three Airbus A350-900 aircraft with EGYPTAIR Holding Company (“EGYPTAIR”) on a mix of long-term operating lease and finance leases. All aircraft will be powered by Rolls Royce Trent XWB engines, with the first delivery scheduled for 2025.

“We are excited to make our first delivery to EGYPTAIR, which marks the beginning of a new partnership and expands our footprint in Africa,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “The technologically advanced Airbus A350 aircraft makes an ideal choice for airlines looking to upgrade their fleet.”

EGYPTAIR Holding Company Chairman and Chief Executive Officer, Captain Ahmed Adel said “we are truly delighted to partner with BOC Aviation on this historic first Airbus A350 aircraft financing for EGYPTAIR, which marks a new chapter in our airline’s history. With these aircraft we can expand our network to more destinations, enhance our world-renowned reputation and build upon our new relationship with leading and innovative lessor, BOC Aviation. We look forward to many more transactions in the future working together.”

 

 

ORDER - BOC Aviation Orders 50 Boeing 737 MAX Jets to Support Global Airlines

SEATTLE, March 30, 2025 /PRNewswire/ -- Boeing [NYSE: BA] and BOC Aviation have announced a new, firm order for 50 737-8 jets, expanding the lessor's 737 MAX portfolio to 215 737-8s and 737-9s.

BOC Aviation will increase its Boeing order book to 139 unfilled orders.

BOC Aviation currently has 69 737 MAX airplanes on operating leases to more than 15 airlines worldwide.

"Our strong partnership with Boeing has led to this 50-aircraft order for the fuel-efficient Boeing 737-8 aircraft. With this transaction, we have commitments to purchase over 140 of these aircraft, which is the largest Boeing orderbook position in our history," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "This order will enable us to continue providing our airline customers with technologically advanced aircraft for their future fleet growth."

With single-aisle jets projected to account for 75% of global deliveries over the next 20 years, lessors are looking to build their order books to support airlines' fleet growth plans and replace less-efficient older jets. To date, lessors have ordered more than 1,200 737 MAX jets as they seek to replace up to 300 Next-Generation 737s per year that are set to retire from passenger operations by the end of the decade.

"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," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "The 737-8 is much sought after by airlines due to its unmatched versatility, generating significant operational savings because of lower fuel consumption."

The 737-8, seating 162 to 210 passengers depending on configuration and with a range of up to 3,500 nautical miles (6,480 km), is the market's most versatile single-aisle airplane, capable of operating profitably on short- and medium-haul routes.

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

ORDER - BOC Aviation orders 70 A320neo Family aircraft

Toulouse, France, 31 March 2025 – BOC Aviation, one of the world’s leading aircraft lessors, has placed a firm order with Airbus for an additional 70 A320neo Family aircraft. With this order, BOC Aviation’s backlog of aircraft to be delivered becomes the largest in its history with Airbus.

“This transaction will lift our remaining Airbus orderbook to around 200 aircraft and takes our total Airbus aircraft deliveries to over 700 (including purchase and leasebacks) since our first order in 1996,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “This order solidifies our position as one of the top five global aircraft operating lessors and provides us with a strong delivery pipeline into the next decade. We look forward to providing more airline customers with this popular fuel-efficient and technologically advanced aircraft.”

Benoit de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business said, "This new major order by BOC Aviation, is a testament to its enduring confidence in the A320 family – the world's most successful single-aisle aircraft. This significant investment makes BOC Aviation one of the largest Airbus customers and highlights the strong and continued market demand for our fuel-efficient aircraft and their long-term value. The A320 family delivers exceptional benefits to operators, and we look forward to continuing our collaboration with BOC Aviation, providing airlines with cutting-edge fleet solutions."

The A320 Family is the world’s most popular single aisle aircraft having won more than 19,000 orders globally. The Family includes the largest member, the A321neo offering unparalleled range and performance. The Family offers at least 20% fuel savings and CO₂ reduction compared to previous generation single-aisle aircraft, while maximising passenger comfort with one of the widest single-aisle cabins in the sky.

The A320 Family can operate with up to 50% Sustainable Aviation Fuel (SAF) today and up to 100% by 2030.

 

BOC Aviation Announces Order for 40 Additional Boeing 737-8 Jets

- Order will support narrowbody market demand as air travel continues to recover



- 737-8 fuel efficiency and reliability support BOC Aviation's growth strategy

- More than 1,500 gross orders for 737 MAX family since late 2020

SEATTLE, Dec. 27, 2022 /PRNewswire/ -- BOC Aviation Limited and Boeing [NYSE:BA] today announced that the airplane lessor is growing its 737 MAX portfolio with an order for 40 additional 737-8 jets. With the order, BOC Aviation is advancing its strategy of purchasing new, fuel-efficient, environmentally sustainable airplanes that are in demand with airline customers.

"We are pleased to continue to build on our existing relationship with Boeing, with this 40-aircraft incremental order for the fuel-efficient Boeing 737-8 aircraft. The incremental order takes our total 737 MAX 8 orderbook with Boeing to 80 aircraft," said David Walton, BOC Aviation deputy managing director and chief operating officer. "We look forward to continuing to provide one of the industry's most technologically advanced aircraft for delivery on lease to our airline customers, and to support their sustainable growth over the balance of this decade."

Boeing continues to see strong market demand for the 737 MAX family, with more than 1,500 gross orders since late 2020.

"We are proud that BOC Aviation continues to invest in the 737-8 with its industry-leading versatility and ability to fly almost any short- and medium-haul market profitably," said Ryan Weir, vice president of Global Leasing Sales, Boeing Commercial Airplanes. "We look forward to more opportunities to expand our relationship to support BOC Aviation and its customers."

The 737-8 is designed to offer more fuel efficiency, reliability and flexibility in the single-aisle market. The airplane can fly 3,500 nautical miles – about 600 miles farther than its predecessor – allowing airlines to profitably serve new and more direct routes for passengers. Compared to the airplanes it replaces, the 737-8 also delivers superior efficiency, using 20% less fuel and significantly reducing CO2 emissions and operating costs.

As a leading global aerospace company, Boeing develops, manufactures, and services commercial airplanes, defense products, and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability, and community impact. Boeing's diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company's core values of safety, quality, and integrity. Join our team and find your purpose at boeing.com/careers.

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 612 aircraft owned, managed and on order. Its owned and managed fleet was leased to 81 airlines in 38 countries and regions worldwide as of 30 September 2022. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin. For more information, visit www.bocaviation.com.

Contact: