A Member of Bank of China Group

Press Release

BOC Aviation to Lease Two New A320-200 Aircraft to Air New Zealand

02 Feb 2010

BOC Aviation has signed agreements for the long-term lease of two new A320-200s to Air New Zealand.  The aircraft, powered by IAE2527-A5 SelectOne engines, are scheduled for delivery in the fourth quarter of 2011.  This deal marks the first time that BOC Aviation has worked with New Zealand’s national carrier.

Rob McDonald, Chief Financial Officer of Air New Zealand, said the leased aircraft will fly the domestic routes together with the new A320-200 aircraft recently ordered from Airbus.  “Our fleet strategy is based on a combination of owned and leased aircraft to give us the flexibility to adjust to market conditions.  We are pleased to partner BOC Aviation in our fleet renewal program to deliver the high standards of air travel service that our customers have been accustomed to.”

“Asia Pacific carriers are experiencing a recovery in their business on the back of improved economic fundamentals.  Air New Zealand is one of the leading carriers in the region and recently received the prestigious ATW Airline of the Year award. BOC Aviation is delighted to work with the airline and further strengthen our position in the region,” said Steven Townend, Deputy Managing Director and Chief Commercial Officer of BOC Aviation. 

BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 143 modern aircraft operated by airlines worldwide. In addition, the Company has 53 aircraft on firm order and 6 on committed purchase and leasebacks for delivery through to 2013.  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.