BOC Aviation is pleased to announce the signing of a new contract with CFM International (“CFM”) for 10 firm orders of CFM 56 engines and 10 firm orders of CFM LEAP engines to power A320 family aircraft on order with Airbus.

This is the second direct contract between BOC Aviation and CFM for an engine order for the A320 aircraft type.

Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation, said, “This is our first order for engines for A320neo aircraft. This new order reinforces our customers’ satisfaction with CFM 56-powered A320 aircraft as a reliable airframe and engine combination and marks our confidence in the CFM LEAP engine.”

CFM International is a 50/50 joint company between Snecma (Safran) and General Electric, and produces engines for both the Airbus A320 family and Boeing 737 series.

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 222 owned and managed aircraft operated by airlines worldwide and another 82 aircraft on firm order. The Company has one of the youngest fleets in the industry with aircraft averaging less than four years of age.

BOC Aviation is 100% owned by Bank of China, one of the largest banks in the world by market value. The Company has passed its first US$1 billion in cumulative net profits under Bank of China. It is on target to reach US$10 billion in total assets this year.

BOC Aviation will be celebrating its 20th anniversary this year.