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A Member of Bank of China Group

Press Release

BOC Aviation Finances Four Boeing Aircraft for PT Lion Mentari

01 Aug 2016

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce its latest transaction with P.T. Lion Mentari (“Lion Air Group”) comprising two Boeing 737-800 and two 737-900ER aircraft.

The first of the two 737-900ER aircraft in the transaction was delivered on 28 July 2016.

BOC Aviation has provided purchase-and-leaseback solutions to Lion Air Group since 2012, covering more than 20 Boeing 737NG aircraft.

Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation, said, “Indonesia is an important market both for business and leisure travel, and we are pleased to join forces with Lion Air Group once again to deliver a tailored financing solution to support Lion’s growth strategy.”

Edward Sirait, Chief Executive Officer of Lion Air Group, said, “Indonesia continues to provide exciting and challenging growth for us, and we are pleased to collaborate with BOC Aviation for the fourth time in financing solutions for our 737NG aircraft delivery stream supporting the Lion Air Group of airlines’ operations across Southeast Asia.”

Lion Air Group is a group of airlines headquartered in Indonesia and comprising the following brands: Lion Air, Wings, Batik Air, Malindo Air and Thai Lion Air. The group, which has the largest market share in Indonesia, was founded in 2000 with one aircraft and now operates a fleet of 230 aircraft.  It is the launch customer of the Boeing 737-900ER and will also be the first to fly the Boeing MAX-8 and the launch customer of Boeing MAX-9.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 483 aircraft owned, managed or on order.  Its owned and managed fleet was leased to 64 airlines worldwide in 31 countries as at 30 June 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, Seattle and Tianjin. For more information, visit www.bocaviation.com.

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For more information, please contact:

Claire LEOW
Tel: +65 9710 0790
claire.leow@bocaviation.com
www.bocaviation.com 

Andy M SALADIN
Tel: +62 811 848 0317
andysaladin@lionair.co.id