Company plans to lease 20 aircraft to Columbian airline Avianca

Singapore-based aircraft leasing company BOC Aviation has placed a firm order for 20 new Airbus A320neo aircraft.

BOC Aviation plans to lease up to 12 of these to Columbian airline Avianca. The order will bring the number of Airbus aircraft purchased by the lessor to 470.

BOC Aviation managing director and chief executive officer Robert Martin said: “We are thrilled to welcome Avianca as a new customer, and we congratulate the airline on its 100th anniversary.”

“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.”

Christian Scherer, Airbus Chief Commercial Officer said: “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.”

New aircraft will support Avianca’s long term plan

Adrian Neuhauser, Chief Financial Officer of Avianca said: “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,”

The A320neo family offers a 20 per cent decrease in fuel consumption and 50 per cent less noise compared to previous generation aircraft. The fleet also features the widest single-aisle cabin in its category.

BOC Aviation’s fleet is leased to 92 airlines across 40 countries. The company has offices in Dublin, London, New York and Tianjin.

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