BOC Aviation Signs a Nine Boeing Aircraft Transaction With Lion AirAIR
23 Nov 2012
BOC Aviation has concluded a deal with PT Lion Mentari Airlines (“Lion Air”) for six Boeing 737-800 and three 737-900ER aircraft. The first aircraft, a 737-900ER, was delivered to the airline last week. The remaining eight aircraft are scheduled to deliver through to the first quarter of 2014. This deal marks the first time that BOC Aviation has worked with Indonesia’s largest private airline.
Lion Air, with just under 50% share of Indonesia’s domestic air travel, is continuing to expand, focusing on regional routes from Indonesia. The 737-900ERs from Lion Air are the first of the aircraft type to join BOC Aviation’s fleet.
Rusdi Kirana, President Director of Lion Air, said “Our growth is spurred by the strong demand at home and in Asia where we fly. We are pleased to have BOC Aviation support our strategic expansion plans.”
Steven Townend, Deputy Managing Director and Chief Commercial Officer of BOC Aviation said that Indonesia is an important target market for BOC Aviation. “Lion Air is one of Asia’s fastest growing airlines in one of the region’s most dynamic economies. We are delighted to welcome Lion Air as a new customer of BOC Aviation and support their growth through to 2014,” he added.
BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 203 owned and managed aircraft operated by airlines worldwide. In addition, the Company has another 54 aircraft on firm order. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.
BOC Aviation is 100% owned by Bank of China, one of the largest banks in the world.
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