Press Release

BOC Aviation to Lease Two New A321-200 Aircraft to Asiana AirlinesAIRLINES

10 Jul 2012

BOC Aviation has signed agreements for the lease of two new Airbus A321-200 aircraft to Asiana Airlines.  The aircraft, powered by IAE2533-A5 SelectOne engines, are scheduled for delivery in the second half year of 2013. 

Mr. Yong Wook Lee, Senior Vice President of Asiana Airlines said, “The two aircraft will be used to meet capacity needs on routes in Asia, especially Japan and China which are our two key markets.  We are pleased to work with BOC Aviation as we expand our reach in Asia."

“We are delighted to conclude this transaction with Asiana Airlines,” said Mr. Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation.  “Asiana is one of BOC Aviation’s longest standing customers and we look forward to continuing this relationship for many years to come.” he added.

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 188 modern aircraft operated by airlines worldwide and another 63 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 the world’s highest publicly-rated aircraft leasing company with corporate credit ratings of A- from Fitch Ratings and BBB from Standard and Poor’s.

BOC Aviation is 100% owned by Bank of China, one of the largest banks in the world.