BOC Aviation said on Monday it plans to buy 80 Airbus A320neo family jets in what is the aircraft-leasing firm's largest order.
The order consists of 10 A321XLR aircraft, 50 A321neo aircraft and 20 A320neo aircraft, and the delivery of the jets is scheduled between 2027 and 2029.
"This is the largest single order that we have ever placed and it will bring our total Airbus aircraft purchased since inception to 546," said Robert Martin, the chief executive of BOC Aviation.
The Singapore-based aircraft lessor had entered a deal in March to purchase 11 Boeing 737 Max 8 aircraft, which are scheduled to be delivered in 2023 and 2024.
Airbus thanked BOC Aviation for its “endorsement” of the A320 family. “We salute its vision and foresight in securing future delivery positions of these most desirable assets in the single aisle segment now and in the longer run,” said Christian Scherer, Airbus Chief Commercial Officer and Head of Airbus International.
BOC Aviation, part of Bank of China Group, has a fleet of 530 Airbus and Boeing aircraft owned, managed and on order.
Martin on April 7, 2022 warned that lessors were facing big insurance price hikes due to Russia’s invasion of Ukraine. Lessors are struggling to repossess aircraft operated by Russian carriers and look set to make insurance claims for aircraft they are unable to get out of the country.
Source: Reuters - Sources