New Pilots

BOC Aviation Orders 22 Boeing 737s

2015 11 24

BOC Aviation, the aircraft leasing arm of Bank of China, has signed an agreement to buy 22 Boeing 737s, worth USD$2.27 billion at list prices.

The deal is equally split between 737-800 and 737 MAX 8 aircraft, to be delivered over three years from 2018, BOC said. The 737 MAX is the upgraded version of the 737, offering greater fuel efficiency and lower operating costs.

The latest deal is in addition to BOC Aviation's August 2014 order for 50 737 MAX, 30 737-800s and two 777-300ERs.

The Singapore-based lessor also ordered 43 Airbus A320-family of aircraft in July last year, including seven A320neos.

BOC Aviation said it had commitments to acquire 203 aircraft as of September 30. Its portfolio comprises 253 owned and managed aircraft, operated by 59 airlines globally.