Airbus has revealed that leasing company BOC Aviation placed firm orders in December for 50 A320-family aircraft, including 25 A320neo-family jets.
BOC Aviation’s order includes A320 and A321 versions of both neo (new engine option) and ceo (current engine option) versions. BOC Aviation will make its engine selection for the aircraft at a later date, according to Airbus.
Singapore-based BOC Aviation, which is the aircraft leasing subsidiary of Bank of China, last placed an order for A320-family aircraft in 2010. This order for Airbus A320neo-family aircraft will be its first for the new engine option.
“Airbus’ popular A320 and A321 aircraft with the current engine option are outstanding aircraft for airlines focusing on operational efficiency who want to offer their passengers a superior short to medium haul travel experience,” says Robert Martin, BOC Aviation’s managing director and chief executive officer.
“The A320neo family order reinforces our commitment to be a key player in the leasing industry as we make the latest eco-efficient aircraft available to our customers,” adds Martin.
Including its latest purchase agreement, BOC Aviation’s cumulative orders for new Airbus aircraft now total 187 (181 A320-family and six A330-family aircraft), of which 131 have already been placed with airlines.
BOC Aviation has also been growing its Airbus fleet through purchase and leaseback transactions with airlines.
To date, BOC Aviation has successfully placed Airbus aircraft with more than 40 airlines worldwide. BOC Aviation is the largest Asia-based aircraft leasing company and celebrates its 20th anniversary this year.
The Airbus A320neo is scheduled to enter service in late 2015, followed by the A319neo and A321neo in 2016.
With firm orders for more than 1,600 aircraft since its launch in December 2010, the A320neo family is the fastest-selling commercial aircraft program ever. However, the Boeing 737 MAX family – launched on August 30, 2011, nine months later than the A320neo family – could yet overtake it in terms of the speed of orderbook growth, having accumulated firm orders for 1,064 aircraft by the end of December.
To date, close to 8,900 Airbus A320-family aircraft have been ordered and more than 5,300 delivered to more than 380 customers and operators worldwide.