Press Release

BOC AVIATION SIGNS LEASE AGREEMENT WITH GULF AIR FOR NINE A320NEO FAMILY AIRCAFT

29 May 2025

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has entered into an agreement with Airbus S.A.S (“Airbus”) to purchase nine new Airbus aircraft, comprising six A320NEO and three A321NEO aircraft, and has committed those aircraft on long term leases to new customer Gulf Air B.S.C. (C) (“Gulf Air”). All aircraft will be powered by CFM LEAP-1A engines and are scheduled for delivery from 2025.

“As a global aircraft operating leasing company, we are proud to add Gulf Air as our customer,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “This transaction provides Gulf Air with nine technologically advanced aircraft that will deliver over a period of three years to support its fleet growth and demonstrates our ability to meet our customers’ financing needs.”

“We are pleased to be able to enhance our fleet with these new aircraft, which will enable us to provide an even better travel experience for our passengers,” said Dr. Jeffrey Goh, Chief Executive Officer of Gulf Air. “This partnership with BOC Aviation underscores our commitment to modernising our operations and expanding our network.”

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a portfolio of 829 aircraft and engines owned, managed and on order. Its owned and managed fleet was leased to 93 airlines in 48 countries and regions worldwide as at 31 March 2025. 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.

About Gulf Air

Gulf Air, the national carrier of the Kingdom of Bahrain, began operations in 1950, making it one of the first commercial airlines in the Middle East. Today, it serves over 50 destinations across 30 countries on 3 continents. As a vital national asset, Gulf Air connects Bahrain to the world, driving economic growth and development in the Kingdom. For more information, visit www.gulfair.com.

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