Press Release

BOC AVIATION SIGNS LEASE AGREEMENT WITH ARAJET FOR FIVE BOEING 737-8 AIRCAFT

24 Feb 2025

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has purchased five Boeing 737-8 aircraft from The Boeing Company. It has also entered into long term leases in respect of these aircraft with Arajet S.A. (“Arajet”). All aircraft will be powered by CFM LEAP-1B engines and are scheduled to deliver in 2026 and 2027.

“We are delighted to be extending our relationship with Arajet with this latest transaction, as it develops its fleet and route network,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “As these aircraft deliver, we continue to grow our future orderbook and to further build out our fleet of technologically advanced aircraft.”

“We value our partnership with BOC Aviation as we continue to consolidate our fleet and our footprint in the region,” said Victor Pacheco, Founder and CEO, Arajet.

About Arajet

Arajet S.A. is an ultra low-cost airline and the flag carrier of the Dominican Republic, which began operations in September 2022. It has a fleet of 10 aircraft that it operates from its bases in Punta Cava and Santa Domingo, connecting it with direct flights to 24 cities across 16 countries.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a portfolio of 709 aircraft and engines owned, managed and on order. Its owned and managed fleet was leased to 92 airlines in 48 countries and regions worldwide as at 31 December 2024. 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.

*******

For more information, please contact:
Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873
[email protected]
www.bocaviation.com