BOC Aviation Announce Order for 82 Airplanes

By Airline Adviser | August 31, 2014

SINGAPORE /PRNewswire/ — Boeing (NYSE: BA) announced an order this week by BOC Aviation for 50 737 MAX 8s, 30 Next-Generation 737-800s and two 777-300ERs (Extended Range). The order, valued at $8.8 billion at list prices, is the largest in BOC Aviation’s 20-year history and part of the Singapore-based leasing company’s effort to grow its portfolio of fuel-efficient airplanes.

“Following the successful placement of the 50 Next Generation 737 aircraft that we ordered in 2006, this is a continuation of our commitment to be responsive to airline customers which are expanding or replacing older fleets,” said Robert Martin, managing director and chief executive officer, BOC Aviation. “The 737 is known for its operational and fuel efficiency, and BOC Aviation expects healthy demand for the Next Generation 737 and 737 MAX variants in the next seven years.”

The order adds to BOC Aviation’s fleet, which is among the youngest in the leasing industry with an average of less than four years.

Source Boeing / Edited By Airline Adviser 08/31/14

Posted in Airline Adviser, BOC Aviation, Boeing