LONDON – BOC Aviation Limited, formerly known as Singapore Aircraft Leasing Enterprise, has announced today an order for eight Airbus A330neos. These planes are scheduled to be delivered to the Lion Air Group in 2019 and 2020.

This is great news for the A330neo program, which is continuing with it’s sales momentum after a successful Farnborough Air Show 2018.

The airshow saw the manufacturer secure an undisclosed Memorandum of Understanding for six A330neos, followed by two A330-800neos for Uganda Airlines.

The big order for Airbus’ A330neo program at the air show was AirAsiaX signing a new order for 34 A330neos, bringing their total order count to 100 that the airline will receive. 

Lion Air Increments A330 Fleet

Under this deal, Lion Air Group will have the option to acquire four of the eight leased airplanes at the time of delivery.

“We are delighted to partner with Lion Air Group once again as we commit to deliver the latest technology Airbus twin-aisle aircraft, commencing next year”, said Robert Martin, CEO of BOC Aviation.

“This transaction takes the number of Airbus A330neo family aircraft in our order book to 10, with all of these scheduled for delivery between now and the end of 2020 to airline customers,” he added.

Based on current list prices released by Airbus earlier this year, the deal is valued at around $2.37 billion before any possible discounts were agreed in the deal.

“We are excited to include the Airbus A330neo into our fleet as it promises to be more fuel efficient and with its longer range, to expand our group’s fleet network”, said Edward Strait, CEO of the Lion Air Group.

“We are delighted that this transaction further diversifies the relationship with BOC Aviation across another aircraft type,” he added.

After what has been a massive sales slump in the past year or so, Airbus is finally starting to make some ground with the A330neo program, which is hopeful for its future.