Singapore-based leasing company BOC Aviation has ordered eight Boeing 777-300ERs, which Boeing values at approximately $2.2 billion at average list prices.
BOC Aviation will lease the new 777-300ERs to Thai Airways International, Thailand’s flag carrier.
“Boeing 777-300ER airplanes have proven their reliability and enabled airlines the world over to profitably operate long-haul routes,” says Robert Martin, managing director and chief executive officer of BOC Aviation. “BOC Aviation has helped reinforce fleets for clients worldwide with Boeing airplanes that make economic sense.”
“The new 777-300ERs will enhance our fleet modernization initiative and help us expand to new markets in Europe,” says Piyasvasti Amranand, president of Thai Airways International.
Thai Airways International already operates nearly every Boeing 777 model produced, including the 777-200, 777-200ER, 777-300 and 777-300ER. In addition, THAI Cargo became the first carrier in Southeast Asia to use the Boeing 777 Freighter (which is based on the 777-200LR), through an agreement with Southern Air Holdings early this year.
BOC Aviation is a leading Asia-based aircraft leasing company with a portfolio today of 163 modern aircraft operated by airlines worldwide. Including its November 2 order announcement for the eight 777-300ERs, the company has 13 widebody aircraft on firm order and another four on committed purchase and leaseback for delivery through to 2013. BOC Aviation has one of the youngest fleets in the industry, with an average aircraft age of less than four years.
Thai Airways International was founded in 1960 as a joint venture between Thailand’s domestic carrier, Thai Airways Company (TAC) and Scandinavian Airlines System (SAS). It is the national carrier of the Kingdom of Thailand and operates domestic, regional and intercontinental flights from its home base in Bangkok to key destinations around the world and within Thailand. Thai Airways International is a Star Alliance Member.