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A Member of Bank of China Group

Press Release

BOC Aviation Leases 13 Boeing 737 MAX-8 Aircraft To Monarch

21 Jun 2017

BOC Aviation Limited (“BOC Aviation”) is pleased to announce that it has placed 13 Boeing 737 MAX-8 aircraft on long-term leases with Monarch, based in the United Kingdom.

“We are very pleased to assist Monarch with its fleet renewal and expansion plans. We continue to build on our long-term relationship with Monarch, which dates back more than 17 years,” said Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation.

“The new Boeing 737 MAX-8 aircraft will be transformative to Monarch – delivering savings to our bottom line from lower fuel and servicing costs, whilst transforming the customer experience,” said Andrew Swaffield, Chief Executive Officer, Monarch. “We are delighted to continue to work with BOC Aviation to help make this happen.”

About Monarch

Monarch is a leading UK independent airline group. The company includes a scheduled airline, in-house tour operator and an award-winning engineering division. The airline flies from five UK bases: London Gatwick, Birmingham, Manchester, Leeds-Bradford and Luton, where it is headquartered. The airline offers over six million sector seats to leisure destinations; the tour operating division offers package holidays across the airline’s scheduled network focusing on beach, city and ski breaks.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 494 aircraft owned, managed and on order. Its owned and managed fleet was leased to 73 airlines worldwide in 34 countries as at 31 March 2017. 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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For more information, please contact:

Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873
timothy.ross@bocaviation.com
www.bocaviation.com