BOC Aviation Signs Purchase-And-Leaseback Agreement With Wizz Air For Six Airbus A321NEO Aircraft
08 May 2020
BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has signed a purchase-and-leaseback agreement with Wizz Air for six new Airbus A321neo aircraft. All six aircraft will be powered by Pratt & Whitney GTF™ PW1100G-JM engines, and are expected to deliver in 2020 and 2021.
József Váradi, Chief Executive Officer of Wizz Air said: "We are delighted today to be signing yet another deal with BOC Aviation. The six new Airbus A321neo aircraft will expand our fleet and further strengthen our aim to fly the greenest and most efficient aircraft currently available. In these unprecedented times, Wizz Air is strongly committed to its aircraft order and today's development reinforces our goal to stay the most efficient, most productive and financially one of the best-performing airlines in Europe."
Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, said: “We are very pleased to be supporting Wizz Air once again as a strategic partner in the airline’s long-term fleet plan as it maintains its position as a market leader in Central and Eastern Europe.”
“This latest agreement demonstrates the strength and resilience of the relationships that we share with our airline customers as we provide financing solutions for new technology aircraft,” added Mr. Martin.
About Wizz Air
Wizz Air, the largest low-cost airline in Central and Eastern Europe, operates a fleet of 121 Airbus A320 and A321 aircraft, one of the youngest airline fleets in the world and offers more than 710 routes from 25 bases, connecting 154 destinations across 45 countries. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 40 million passengers in the past 12 months. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world’s top ten safest airlines by airlineratings.com, the world’s only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honor an airline or individual can receive, recognizing individuals and organizations that have distinguished themselves through outstanding performance, innovation, and superior service.
About BOC Aviation
BOC Aviation is a leading global aircraft operating leasing company with a fleet of 567 aircraft owned, managed and on order. Its owned and managed fleet was leased to 92 airlines worldwide in 40 countries and regions as at 31 March 2020. 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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