BOC Aviation orders 22 Boeing 737 commercial jets to fulfill customer demand, increase fuel savings

SINGAPORE, 25 Nov. 2015. BOC Aviation officials have ordered 22 Boeing (NYSE:BA) 737 commercial airplanes – including 11 Next-Generation 737-800 commercial jets and eleven 737 MAX 8 airliners – to fulfill customer demand.

BOC Aviation officials selected Boeing’s Next Generation 737 aircraft for its high performance, reliability, and asset value, says Robert Martin, managing director and chief executive officer of BOC Aviation – with headquarters in Singapore and offices in Seattle, London, Dublin, and Tianjin. "The Next Generation 737 economics are very attractive to our customers. With the 737 MAX, we are investing in new technology aircraft to meet our customers' long-term fleet planning requirements."

In addition to today's announcement, BOC Aviation has ordered 167 Boeing 737 airplanes, including 50 Boeing 737 MAXs and 16 Boeing 777s.

"This new order, on top of the 2014 order for eighty 737s, is proof of BOC Aviation's leading position in the leasing market, providing its customers with the most reliable and fuel-efficient single-aisle airplanes," explains Dinesh Keskar, senior vice president, Asia Pacific and India Sales, Boeing Commercial Airplanes.

The 737 MAX incorporates CFM International LEAP-1B engines, Advanced Technology winglets, and other improvements to deliver high efficiency, reliability, and passenger comfort in the single-aisle market. The new single-aisle airplane will deliver 20 percent lower fuel use than the first Next-Generation 737s and the lowest operating costs in its class – 8 percent per seat less than its nearest competitor, officials say.

BOC Aviation is a global aircraft leasing company with a portfolio of 253 owned and managed aircraft operated by 59 airlines worldwide in 29 countries, with commitments to acquire 203 aircraft, as of 30 September 2015. BOC Aviation, owned by Bank of China, is based in Singapore with offices in Dublin, London, Seattle, and Tianjin.