Press Release

BOC Aviation Orders 25 A320 Family Aircraft, Including 12 NEOs

25 Sep 2013

BOC Aviation is pleased to announce an order with Airbus for 25 A320 Family aircraft, including 12 NEOs, scheduled for delivery from 2015 to end of 2019. The order comprises A320 and A321 variants for both CEOs and NEOs.

This comes on following an earlier order for 50 A320 family aircraft, signed in December 2012. It underscores our confidence in the fuel-efficient aircraft which has a wide operator base, supporting growth for airline customers and BOC Aviation.

BOC Aviation will make an announcement on the engine decision for these aircraft in the future.

“The Airbus A320 and A321 family aircraft has a proven track record of operational efficiency as well as the support of airline customers seeking a superior travel experience for passengers taking short-haul and medium-haul routes,’’ said Robert Martin, BOC Aviation’s Managing Director and Chief Executive Officer. “The fact that we have placed orders for 75 of these aircraft in less than a year speaks of our commitment to our customers to be their lessor of choice with modern, fuel-efficient aircraft for their benefit and for the comfort of their customers.”

“The announcement from BOC Aviation is another vote of confidence in the long-term appeal of our popular A320 Family, both the current engine option and the NEO,” said John Leahy, Airbus Chief Operating Officer—Customers. “It already has a wide operator base, proven excellence in operating economics and strong residual values, all factors the financial community welcomes. BOC Aviation’s latest re-order for A320 Family aircraft puts the company in a strong position as a top tier leasing company tapping into some of the world’s fastest growing markets."

Including this latest purchase agreement, BOC Aviation’s cumulative orders for new Airbus aircraft reach a total of 212, of which 125 have already been delivered with 41 airlines and another 11 committed to lease. BOC Aviation has also executed another 39 purchase and leaseback transactions of Airbus aircraft with airlines.

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 229 owned and managed aircraft operated by airlines worldwide and another 108 aircraft on firm order. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.

BOC Aviation is 100% owned by Bank of China. BOC Aviation will be celebrating its 20th anniversary this year.



*******


For more information, please contact:
Claire LEOW
Tel: +65 9110 0790
[email protected]
www.bocaviation.com

Amy ZHAO
Tel: +65 9117 0768
[email protected]
www.bocaviation.com