BOC Aviation, the Singapore-based aircraft leasing subsidiary of Bank of China, has announced an order for an additional 43 A320 Family aircraft, comprising seven A320neo Family aircraft and 36 A320ceo aircraft across A320 and A321 variants, at the Farnborough International Airshow 2014. The announcement was made by Robert Martin, BOC Aviation’s Managing Director and Chief Executive Officer and Fabrice Brégier, Airbus President and CEO. The first eight A320ceo aircraft powered by engines from IAE have been placed. Engine decisions for the rest of the fleet will follow.
“Following our order of 38 A320ceo aircraft in the last 18 months, all of which are now placed, we are seeing additional demand for both A320ceo’s and NEOs,” said Robert Martin, BOC Aviation’s Managing Director and Chief Executive Officer. “By adding this order to our pipeline for the next five years, we are confident at meeting the needs of airlines which are expanding or replacing older fleets.”
“It’s great to see one of the world’s leading lessors, BOC Aviation, based in the fast growing Asian market, continuing to invest in our market leading A320 Family,” said Fabrice Brégier, Airbus President and CEO. “This tells us that not only are our aircraft universally recognised as the industry’s benchmark for efficiency, comfort and reliability but also underlines the financial community’s confidence in the A320 Family as a sound financial asset.”
Including this latest purchase agreement, BOC Aviation’s cumulative orders for new Airbus aircraft have reached 255, as of June 30th 2014, 142 of these have already been delivered, and another 55 committed to lease.
As of June 30th 2014, BOC Aviation’s fleet of 251 aircraft includes 109 Airbus aircraft operated by 27 airlines. There are 98 A320 Family aircraft in the fleet.
The A320 Family is the world’s best-selling single aisle product line with more than 10,500 orders to date and over 6,100 aircraft delivered. Thanks to its wide cabin, all members of the A320 Family offer the industry’s best level of comfort in all classes and Airbus’ 18” wide seats in economy as standard. The newest member of the A320 Family, the A320neo, incorporates new generation engines and Sharklets (wing tip devices) which together deliver 15 percent in fuel savings. At the end of June 2014, firm orders for the NEO reached over 2,800 aircraft from 55 customers, representing a 60 per cent market share in its category.