BOC Aviation Limited, on November 14, 2024, one of the leading aircraft leasing companies globally, announced the signing of a lease agreement with Turkish Airlines for six Airbus A321neo aircraft. These jets, part of BOC Aviation's extensive orderbook, are scheduled for delivery to Turkish Airlines in 2027, enhancing the carrier's fleet with modern, fuel-efficient aircraft. Turkish Airlines, known for its extensive network and commitment to fleet modernization, will leverage these A321neos to further its strategic growth plans. The airline, which operates one of the world's largest fleets with 477 aircraft serving 349 destinations across 130 countries, has been actively expanding its narrowbody fleet to meet increasing passenger demand, particularly on short to medium-haul routes.
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Steven Townend, the Chief Executive Officer and Managing Director of BOC Aviation emphasized the significance of this deal, stating, “Turkish Airlines is one of our longest-standing customers, and this transaction underscores the strength of our relationship. The high demand for these latest-technology aircraft supports our growth outlook over the next few years.” This statement reflects the mutual benefits of the partnership, where BOC Aviation secures placement for its aircraft, and Turkish Airlines gains access to state-of-the-art technology.
The Airbus A321neo, part of the A320neo family, offers significant advantages in terms of fuel efficiency, noise reduction, and lower operating costs. These improvements are crucial for airlines like Turkish, aiming to reduce their environmental footprint while enhancing operational efficiency. The A321neo's capability to seat up to 244 passengers in a high-density configuration or offer a more premium experience with fewer seats also provides Turkish Airlines with flexibility in route planning and passenger service offerings.
Levent Konukcu, Chief Investment & Strategy Officer at Turkish Airlines, expressed satisfaction with the deal, noting, "We are pleased to enhance our long-standing relationship with BOC Aviation with the addition of these six new Airbus A321neo aircraft. This transaction further contributes to Turkish Airlines’ mission of offering a modern and efficient travel experience to its guests, whilst expanding and enhancing its route network." This agreement not only signifies BOC Aviation's confidence in the aviation recovery but also highlights Turkish Airlines' ongoing commitment to fleet renewal and network expansion in a competitive global market.