BOC Aviation Orders 120 Aircraft from Airbus and Boeing

BOC Aviation Expands Fleet with Major Aircraft Order from Airbus and Boeing

Singapore-based aircraft leasing firm BOC Aviation has announced a landmark order for 120 single-aisle jets, comprising 70 Airbus A320NEO aircraft and 50 Boeing 737-8 models. Deliveries are scheduled through 2032 for the Airbus jets and 2031 for the Boeing aircraft. Both contracts include conversion rights, allowing flexibility to switch to other variants within each manufacturer’s respective aircraft families. Financial details of the agreements were not disclosed.

Steven Townend, BOC Aviation’s chief executive and managing director, highlighted the strategic significance of the order, which will increase the company’s remaining Airbus orderbook to approximately 200 aircraft. Since its first order in 1996, BOC Aviation will have taken delivery of over 700 Airbus aircraft, underscoring a long-standing and robust partnership between the lessor and the manufacturer.

Industry Confidence and Market Implications

The scale of BOC Aviation’s order reflects strong confidence in the recovery and future growth of the global aviation sector. Benoit de Saint-Exupéry, executive vice president for sales at Airbus, described the transaction as a “significant investment” that underscores sustained market demand for fuel-efficient aircraft and their enduring value within the industry.

On the Boeing side, Townend noted that the new order raises BOC Aviation’s total commitments for the 737-8 to more than 140 aircraft, marking the largest Boeing orderbook in the company’s history. Brad McMullen, Boeing’s senior vice president of commercial sales and marketing, emphasized that the order “demonstrates the confidence lessors have in this airplane to meet continued air travel demand and improve fuel efficiency.”

Strategic Growth Amid Industry Challenges

BOC Aviation’s latest acquisitions reaffirm its strategy to maintain a modern, efficient, and sustainable fleet. Managing a portfolio of more than 800 aircraft and engines leased to 92 airlines across 48 countries, the company is positioning itself to meet evolving airline requirements and capitalize on the anticipated rebound in air travel.

This ambitious expansion occurs amid ongoing supply chain constraints and intensifying competition among aircraft lessors. The market has responded positively to BOC Aviation’s move, interpreting it as a clear signal of growth, while competitors may adjust their own order volumes and pricing strategies to remain competitive.

The focus on next-generation, fuel-efficient aircraft also reflects BOC Aviation’s commitment to sustainability and reducing the aviation sector’s carbon footprint, aligning with broader industry trends and regulatory demands. With these substantial new orders, BOC Aviation solidifies its position as a leading global aircraft lessor, prepared to navigate the opportunities and challenges of a rapidly evolving aviation landscape.