Press Release

BOC Aviation Signs Purchase and Leaseback Agreement with Air Berlin for Three New Boeing 737-800 Aircraft

01 Feb 2010

BOC Aviation has signed agreements with Air Berlin for the purchase and leaseback of three new Boeing 737-800 scheduled for delivery in February, July and August this year.  All three aircraft are powered by CFM56-7B24/3 engines. 

Ulf Hüttmeyer, Chief Financial Officer of Air Berlin, said the airline was planning for a slight growth this year and needed additional aircraft also to replace expiring leases.  “We aim to maintain a modern fleet and are pleased to cooperate with BOC Aviation, our partner since 2001, to take delivery of these new aircraft.”

"Air Berlin is the second largest airline in Germany with a 30-year history,” said Steven Townend, Deputy Managing Director and Chief Commercial Officer of BOC Aviation.  “Our two companies have already come a long way together and these deals ensure that our relationship will continue to thrive.” 

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 143 modern aircraft operated by airlines worldwide. In addition, the Company has 53 aircraft on firm order and 6 (including these three aircraft) on committed purchase and leasebacks for delivery through to 2013.  BOC Aviation has one of the youngest fleets in the industry with an average aircraft age of less than four years.   

BOC Aviation is 100% owned by Bank of China.