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BOC Aviation Orders Five Airbus A321ceos

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BOC Aviation Orders Five Airbus A321ceos

BOC Aviation Orders Five Airbus A321ceos
August 31
12:02 2016

MIAMI — Aircraft lessor BOC Aviation has placed a firm order for five additional Airbus A321ceo aircraft, further growing its A321 order book after placing an order for 15 A321s (eight A321neo and seven A321ceo) back in January of this year.

All five of the A321ceos have been placed with an undisclosed Asian airline customer. In total, this order brings BOC’s cumulative A321 (ceo + neo) order book to 67 aircraft.

“We have increased our order for the A321 in response to the market trend and appetite for larger capacity single-aisle aircraft,” said Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation. “Our incremental order reflects the continued popularity, confidence and reliability of the A320 Family among our customers.”

“The A320 Family aircraft is a sound financial asset as confirmed by leading lessor BOC Aviation, based in the world’s fastest growing aviation market,” said John Leahy, Airbus Chief Operating Officer Customers. “This order also confirms the trend by customers to increase capacity by upsizing to larger aircraft models.”

BOC, a Singapore-based global aircraft leasing company owned by the Bank of China, currently owns a portfolio of 226 narrowbody and widebody aircraft, with 39 additional aircraft under management. It also has 223 additional planes on order, including 45 A320ceo family planes.

The A320ceo family is the single largest component of BOC’s fleet, with 125 aircraft owned or under management. Conversely, BOC owns and manages 84 Boeing 737NG aircraft, with 49 737 NGs and 61 of the re-engined 737 MAX on order. The orderbook for the re-engined A320neo family stands at 64 (48 A320neo, 16 A321neo).

On the widebody side, BOC owns and manages 19 Airbus A330s with two more on order, 16 777-300/300ER with two more on order, and two 787 Dreamliners. Together, the A320 and A330 family aircraft make BOC one of Airbus’ ten largest customers. The lessor also owns and manages 6 freighter aircraft and 13 Embraer E190 jets.

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About Author

Vinay Bhaskara

Vinay Bhaskara

Senior Business Analyst, Big Airline Enthusiast, Avid Airport Connoisseur, Frequent Flyer, Globetrotter. I Miss Northwest Airlines Every Day. vinay@airwaysmag.com @TheABVinay

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