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Yogesh Farswani Appointed Head of OEM Strategy and Procurement at BOC Aviation

Yogesh Farswani Appointed Head of OEM Strategy and Procurement at BOC Aviation
BOC Aviation has announced the appointment of Yogesh Farswani as its new Head of Original Equipment Manufacturer (OEM) Strategy and Procurement, effective July 1, 2025. In this expanded leadership capacity, Farswani will oversee the company’s procurement operations, managing both aircraft and engine acquisitions while strengthening engagement with OEM partners. He will continue to report directly to Chief Operating Officer Thomas Chandler.
Leadership Transition and Strategic Vision
Farswani succeeds Alistair Greig, who is set to retire on June 30, 2025, after a distinguished 22-year tenure with BOC Aviation. Greig played a pivotal role in the company’s fleet expansion, which now includes over 800 aircraft owned, managed, or on order. Steven Townend, Chief Executive Officer and Managing Director, expressed gratitude for Greig’s contributions and highlighted Farswani’s extensive industry experience. Townend remarked, “With over 29 years of experience in the aviation industry, Yogesh will continue to drive portfolio growth and enhance our key relationships with the OEMs. As we enter a new phase of fleet expansion, Yogesh's experience will ensure that we continue to achieve our growth ambitions.”
Farswani joined BOC Aviation in May 2024 as Head of Engines, a newly created department. His professional background encompasses diverse roles at Pratt & Whitney, including finance, risk management, government affairs, sales, and country management across China, Singapore, and the United States. He holds a Bachelor of Science degree from Bryant University and an MBA from the University of Connecticut.
Navigating Market Challenges and Fleet Expansion
Farswani’s appointment comes amid significant shifts in the aviation leasing sector, which is currently facing increased scrutiny over procurement strategies and volatility in OEM pricing. Recent industry reports have underscored the challenges posed by fluctuating costs and supplier negotiations. BOC Aviation’s recent transactions with carriers such as Avianca and Gulf Air have attracted attention from competitors, potentially prompting adjustments in their own procurement and fleet strategies.
As the aircraft leasing landscape continues to evolve, Farswani will be responsible for guiding BOC Aviation’s procurement strategy to sustain its competitive advantage and support ongoing fleet growth. As of March 31, 2025, the company’s owned and managed fleet comprised 829 aircraft and engines leased to 93 airlines across 48 countries and regions. BOC Aviation remains a leading global aircraft operating lessor, positioned for further expansion under Farswani’s strategic leadership.

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