Press Release

BOC Aviation to Lease One New A320-200 Aircraft to LAN Airlines

01 Dec 2010

BOC Aviation has signed an agreement for the lease of one new A320-200 aircraft to LAN Airlines S.A.  The aircraft, powered by IAE 2527E-A5 SelectOneTM engines, is scheduled for delivery in the first quarter of 2011.  This deal marks the second time that BOC Aviation has worked with Chile’s flag carrier.

Armando Valdivieso, Chief Executive Officer - Passenger of LAN Airlines, said “LAN Airlines has been serving the Latin American air transportation market for 81 years.  We are pleased to partner with BOC Aviation as we strengthen our flight schedules with the new aircraft.”

Steven Townend, Deputy Managing Director and Chief Commercial Officer of BOC Aviation noted that LAN Airlines is one of the strongest airlines in the Americas and is growing quickly.  He said, “We see a lot of potential in the Latin American aviation industry particularly with the recent consolidations.  We are proud to welcome LAN Airlines back as a customer and are committed to play an active role in their future growth.” 

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 166 modern aircraft operated by airlines worldwide. In addition, the Company has 66 aircraft on firm order and four on committed purchase and leaseback for delivery through to 2014.  BOC Aviation has one of the youngest fleets in the industry with an average aircraft age of less than four years.   

BOC Aviation is 100% owned by Bank of China.

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For more information, please contact:

Elsie NG
Tel: +65 9710 0790
[email protected]
www.bocaviation.com