BOC Aviation Signs Purchase-and-Leaseback Agreement with Qatar Airways for Six New Airbus A350 Aircraft
22 Dec 2016
BOC Aviation Limited (“BOC Aviation” or “the Company”) is pleased to announce that it has signed a purchase-and-leaseback agreement with Qatar Airways for six new Airbus A350 twin-aisle aircraft, all of which are scheduled for delivery in 2017.
“We are excited to support Qatar Airways’ fleet expansion plans with this popular new technology widebody aircraft from Airbus, which adds to our fleet of in-demand aircraft on long-term leases,” said Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation. “This incremental capital expenditure is in line with our current strategy to grow our fleet through disciplined investment.”
Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al Baker, said: “We are pleased to work with BOC Aviation on securing this transaction, which will result in growing our A350 fleet, the most technologically advanced aircraft in the world, for which Qatar Airways was the global launch customer. “
About Qatar Airways
Qatar Airways, the national carrier of the State of Qatar, is one of the world’s fastest growing airlines and operates one of the world’s youngest fleets. Now in its 19th year of operations, Qatar Airways has a modern fleet of 191 aircraft flying to more than 150 key business and leisure destinations across six continents. Qatar Airways is a member of the oneworld global alliance.
About BOC Aviation
BOC Aviation is a leading global aircraft operating leasing company with a fleet of 484 aircraft owned, managed or on order. Its owned and managed fleet was leased to 67 airlines worldwide in 31 countries as at 30 September 2016. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London and Tianjin. For more information, visit www.bocaviation.com.
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