BOC Aviation, a leading global aircraft operating leasing company, has recently announced the placement of three Boeing 737-8 aircraft with new customer LOT Polish Airlines. All three aircraft are scheduled for delivery in 2025 and are powered by CFM LEAP-1B engines. This deal marks a significant milestone for BOC Aviation as it expands its relationship with LOT Polish Airlines, one of the most recognizable Polish brands and the flag carrier of Poland. The aircraft will support LOT's growth strategy, providing the airline with one of the world's most popular and fuel-efficient single-aisle jets.
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Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation expressed his delight in welcoming LOT to the company's customer base. He stated, "As a global lessor, we are constantly building relationships with airline customers around the world and diversifying our lessee network. These aircraft will support the LOT growth strategy with one of the world's most popular and fuel-efficient single-aisle jets."
BOC Aviation is a global aircraft operating leasing company with a fleet of 680 aircraft owned, managed, and on order. Its owned and managed fleet is leased to 93 airlines in 47 countries and regions worldwide as of June 30, 2024. The company is listed on the Hong Kong Stock Exchange and has its headquarters in Singapore with offices in Dublin, London, New York, and Tianjin. LOT Polish Airlines, which has been operational since 1929, is the 12th oldest airline in the world. It connects Central and Eastern Europe with the rest of the world, operating its long-haul flights with the Boeing 787 Dreamliner.
This lease agreement between BOC Aviation and LOT Polish Airlines is a testament to the growing demand for Boeing 737-8 aircraft, which are known for their fuel efficiency and versatility. As the aviation industry continues to recover from the impact of the COVID-19 pandemic, leasing companies like BOC Aviation play a crucial role in providing airlines with the aircraft they need to meet the increasing demand for air travel. In conclusion, BOC Aviation's placement of three Boeing 737-8 aircraft with LOT Polish Airlines is a significant development in the aviation industry. It not only strengthens the relationship between BOC Aviation and LOT but also supports LOT's growth strategy with one of the most popular and fuel-efficient single-aisle jets in the world.