Singapore-based leasing company BOC Aviation has ordered 50 Boeing 737 MAX 8s, 30 737-800s and two 777-300ERs.
Boeing values the leasing company’s order at $8.8 billion at list prices and says it is the largest in BOC Aviation’s 20-year history.
“Following the successful placement of the 50 Next Generation 737 aircraft that we ordered in 2006, this is a continuation of our commitment to be responsive to airline customers which are expanding or replacing older fleets,” says Robert Martin, managing director and chief executive officer of BOC Aviation.
“The 737 is known for its operational and fuel efficiency, and BOC Aviation expects healthy demand for the Next Generation 737 and 737 MAX variants in the next seven years,” adds Martin.
BOC Aviation’s fleet of leased aircraft is among the youngest in the leasing industry, the aircraft in the fleet having an average age of less than four years.