A Member of Bank of China Group

Press Release

BOC Aviation Delivers Seven Boeing 737 MAX 8 Aircraft To TUI

05 Jul 2021

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has delivered the seventh of seven new Boeing 737 MAX 8 aircraft for lease to TUI Travel Aviation Finance Limited (“TUI”). All aircraft are powered by CFM LEAP-1B engines.

Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are delighted to work with our long-standing customer TUI, and to provide TUI with the most fuel-efficient, latest technology aircraft. Following the international recertification of the Boeing 737 MAX aircraft, we delivered all seven aircraft to TUI in just four months, which reflects a high level of teamwork on both sides. We look forward to developing our relationship with TUI further and remain committed to providing our customers with large scale financing solutions as well as technologically advanced aircraft.”

Tom Chandler, Managing Director, Fleet and Asset Management, TUI Group, said: “We are very pleased to have expanded our relationship with BOC Aviation through these financing transactions, agreed in two tranches August 2020 and October 2020, with the completion of the deliveries in time for the peak summer season. We look forward to other opportunities to work with BOC Aviation in future. These additional Boeing 737 MAX aircraft are a valuable addition to our fleet, characterized by considerably lower fuel consumption and noise emissions than the aircraft that they replace. This contributes to our aim to reduce the environmental impact of holidays and to maintain our top ranking among the world’s most carbon-efficient airlines.”

About TUI

TUI is the world’s leading tourism group. The broad portfolio gathered under the Group umbrella consists of strong tour operators, 1,600 travel agencies and leading online portals, five airlines with around 150 aircraft, over 400 hotels, 15 cruise liners and many incoming agencies in all major holiday destinations around the globe. It covers the entire tourism value chain under one roof. A key feature of our corporate culture is our global responsibility for economic, environmental and social sustainability. This is reflected in more than 20 years of commitment to sustainable tourism. The TUI Group’s share is listed in the FTSE 250 index, in the Quotation Board of the Open Market on the Frankfurt Stock Exchange, and regulated Market of the Hanover Stock Exchange.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 549 aircraft owned, managed and on order. Its owned and managed fleet was leased to 86 airlines in 38 countries and regions worldwide as at 31 March 2021. 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.

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For more information, please contact:
Kelly KANG
Tel: +65 6325 9428
Mobile: +65 9126 8066
kelly.kang@bocaviation.com
www.bocaviation.com