BOC Aviation Orders 20 New Airbus A320neo Aircraft
07 Jan 2020
BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has ordered 20 new Airbus A320neo aircraft. A minimum of ten and up to 12 of these A320neo aircraft have been committed for lease to Avianca S.A. (“Avianca”) based in Bogota, Colombia.
“We are delighted to establish a relationship with BOC Aviation, who are one of the world’s foremost lessors, and we sincerely value the confidence they are showing in Avianca and the support to our long term plan,” said Adrian Neuhauser, CFO of Avianca.
“We are thrilled to welcome Avianca as a new customer, and we congratulate the airline on its 100th anniversary,” said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. “This addition of 20 new Airbus A320NEO aircraft reflects our disciplined investment strategy of building our portfolio with popular and in-demand new technology aircraft that provide reliability and operational efficiency. With this order, this brings our total Airbus aircraft purchased since inception to 470 aircraft. We are proud to continue building on our long-standing relationship with Airbus,” he added.
“We are pleased that BOC Aviation is further expanding its already large A320neo position with this innovative transaction with Avianca, illustrating the beneficial role large aircraft lessors play in modern aviation finance,” said Christian Scherer, Airbus Chief Commercial Officer. “We congratulate our long time partners at BOC Aviation and thank them for their expanding commitment to the A320neo Family and Airbus products in general. We are also happy to have been able to lend a helping hand to Avianca in its restructuring and to strengthen our partnership with this venerable airline now and for the future.”
Avianca is the commercial brand for the collection of passenger airlines and cargo airlines under the umbrella company Avianca Holdings S.A. Avianca has been flying uninterrupted for 100 years. With a fleet of 175 aircraft, Avianca serves 76 destinations in 27 countries within the Americas and Europe. With more than 21,000 employees, Avianca earned US$4.8 billion in 2018 and transported 30.5 million passengers.
About BOC Aviation
BOC Aviation is a leading global aircraft operating leasing company with a fleet of 509 aircraft owned, managed and on order. Its owned and managed fleet was leased to 92 airlines worldwide in 40 countries and regions as at 30 September 2019. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin. For more information, visit www.bocaviation.com.
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