Bahrain's Gulf Air to lease nine A320neo Family aircraft

Gulf Air Expands Network with New Aircraft Lease
Gulf Air (GF, Bahrain International) has announced a significant expansion in its network by leasing nine A320neo Family aircraft from BOC Aviation. The lease agreement includes six A320-200Ns and three A321-200Ns. This development was revealed in a press release by BOC Aviation on May 29, stating that they have agreed with Airbus to purchase these new narrowbodies and lease them to Gulf Air on long-term agreements.
Aircraft Delivery and Specifications
The newly leased jets are scheduled for delivery over a three-year period starting in 2025. They will be equipped with CFM International LEAP-1A engines. Currently, Gulf Air operates a diverse fleet of 42 aircraft, which includes various models such as eight A320-200s, six A320-200Ns, four A321-200s, nine A321-200NX, five A321-200NX(LR)s, and ten B787-9s. Additionally, the airline is expecting the delivery of two more B787s and has firm orders for six A320-200Ns and three A321-200NX(LR)s directly from Airbus.
BOC Aviation's Portfolio
BOC Aviation, the Singapore-based lessor, boasts a robust portfolio of 441 aircraft. This new deal with Gulf Air marks the beginning of their partnership, as Gulf Air is a new customer for BOC Aviation.
Future Plans and Government Involvement
Gulf Air had previously planned to renew its narrowbody fleet by 2026, intending to retire all of its A320-200s and A321-200s. However, these plans were adjusted, extending the deadline due to the pandemic's impact. The airline, a state-owned entity that has been experiencing financial losses, is facing pressure from the Bahrain government to improve its operations. In January 2025, the government announced that it might consider selling up to 49% of the airline, contingent on its return to profitability.

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