BOC Aviation Orders 50 Boeing 737 MAX Jets to Support Global Airlines

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BOC Aviation Orders 50 New Aircraft

Boeing and BOC Aviation have made a firm order for 50 additional 737-8 jets, increasing the lessor’s portfolio to a total of 215 aircraft, including both 737-8s and 737-9s.

BOC Aviation will increase its Boeing order book to 139 unfilled orders.
BOC Aviation currently has 69 737 MAX airplanes on operating leases to more than 15 airlines worldwide.

Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation — *Steven Townend, CEO and Managing Director, BOC Aviation*

“Our strong partnership with Boeing has led to this 50-aircraft order for the fuel-efficient Boeing 737-8 aircraft. With this transaction, we have commitments to purchase over 140 of these aircraft, which is the largest Boeing orderbook position in our history,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation.

“This order will enable us to continue providing our airline customers with technologically advanced aircraft for their future fleet growth.”

As single-aisle jets are expected to represent 75% of worldwide deliveries in the next two decades, lessors are eager to expand their order books to aid airlines in growing their fleets and replacing older, less efficient jets. So far, they have placed orders for over 1,200 737 MAX jets, aiming to substitute approximately 300 Next-Generation 737s each year that are expected to retire from passenger service by the end of the decade.

Brad McMullen, Boeing Senior Vice President of Commercial Sales and Marketing — *Brad McMullen, Boeing Senior VP of Commercial Sales and Marketing*

“BOC Aviation’s latest investment in the 737-8 demonstrates the confidence lessors have in this airplane to meet continued air travel demand and improve fuel efficiency,” said Brad McMullen, Boeing Senior Vice President of Commercial Sales and Marketing.

“The 737-8 is much sought after by airlines due to its unmatched versatility, generating significant operational savings because of lower fuel consumption.”

The 737-8 can accommodate between 162 and 210 passengers based on its layout and has a range of up to 3,500 nautical miles (6,480 km). This makes it the most versatile single-aisle aircraft on the market, able to operate profitably on both short- and medium-haul routes.