A Member of Bank of China Group

Press Release

BOC Aviation Purchases 11 Boeing 737 MAX 8 Aircraft For Lease To Lynx Air

03 Mar 2022

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce it has agreed to purchase 11 new Boeing 737 MAX 8 aircraft from The Boeing Company. The aircraft will be leased to Lynx Air (“Lynx”) on long term leases. They will be powered by CFM LEAP-1B engines and are scheduled for delivery in 2023 and 2024.

“We are pleased to be partnering with BOC Aviation for the lease of 11 of our new aircraft,” said Merren McArthur, CEO, Lynx Air. “The financing of these aircraft is integral to our growth plans as we continue our mission to make air travel accessible to all Canadians. We are looking forward to welcoming Canadians on board these brand-new Boeing 737 MAX airplanes.”

“We are delighted to welcome Lynx as a new customer and are pleased to support the airline’s plans to serve the Canadian travel market with the most fuel-efficient, technologically advanced aircraft,” said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. “This transaction demonstrates the innovative financing solutions that we provide for our global customer base and reflects our disciplined investment strategy focused on a portfolio of latest technology aircraft.”

 

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 521 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 December 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.

 

About Lynx Air

Lynx Air (Lynx) is Canada’s new ultra-affordable airline. Lynx is on a mission to make air travel accessible to all, with low fares, a fleet of brand-new Boeing 737 aircraft and great customer service. Lynx is a privately-owned Canadian airline with the financial backing and industry expertise required to transform the Canadian aviation landscape. For more information, visit www.flylynx.com.

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For more information, please contact:
Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873
timothy.ross@bocaviation.com
www.bocaviation.com