BOC Aviation places $2bn Airbus aircraft order

BOC Aviation places $2bn Airbus aircraft order

BOC Aviation, the Singapore-based global aircraft leasing company owned by Bank of China, has announced an order for an additional 30 A320 Family aircraft, comprising 18 A320neo Family aircraft and 12 A320ceo Family aircraft.

“This order underscores our continued confidence in the reliability and operational efficiency of the A320 family aircraft, and reflects its popularity among our customers for short- and medium-haul routes,” said Robert Martin, managing director, BOC Aviation.

Including this latest purchase agreement, BOC Aviation’s cumulative orders to date for new Airbus aircraft have reached a total of 306, comprising 12 A330s and 294 A320 Family, including 64 NEOs.

“BOC Aviation is a leading lessor based in a fast-growing part of the world, and its latest order not only demonstrates its continued confidence in our product for its airline customers but recognizes the A320 as a sound financial asset in its portfolio,” said John Leahy, Airbus chief operating officer, customers.

“We appreciate the mutually beneficial and strong relationship we have built with BOC Aviation over the past 20 years. With this order, BOC Aviation becomes one of Airbus’ top ten customers.”

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With more than 12,300 aircraft ordered, and more than 6,800 aircraft delivered to more than 400 customers and operators worldwide, Airbus’ A320 Family is the world’s best-selling single-aisle aircraft family.

The A320neo Family incorporates latest technologies including new generation engines and Sharklet wing tip devices, which together deliver more than 15 per cent in fuel savings from day one and 20 per cent by 2020 with further cabin innovations.

With more than 4,400 orders received from close to 80 customers since its launch in 2010, the A320neo Family has captured some 60 per cent share of the market.