Air Canada has today announced the signing of an agreement with BOC Aviation Limited for the placement of eight Boeing 737-8 MAX airplanes. The aircraft are scheduled for delivery in 2024, and will be modified before entering service in 2025.
On Tuesday (July 2, 2024), Air Canada announced the signing of lease agreements with BOC Aviation Limited for the placement of eight Boeing 737-8 MAX airplanes powered by CFM LEAP-1B engines. Scheduled for delivery before the end of 2024, the aircraft will enter service in 2025 following the required modifications. Initially, the aircraft will operate in a single Economy Class configuration, until they are they are reconfigured to match Air Canada’s narrowbody two-cabin standard.
In Tuesday’s announcement, Air Canada’s President and Chief Executive Officer, Michael Rousseau, said,
“We look forward to these aircraft entering into service next year, upon the completion of some required modifications. These eight, brand-new, fuel- and cost-efficient 737-8s will provide more fleet flexibility and additional capacity while supporting one of our sustainability goals of mitigating emissions.”
Also commenting on the new lease agreements, BOC Aviation’s Managing Director and CEO, Steven Townend, added,
“We are pleased that Canada's flag carrier, Air Canada, is working with us once again as it strengthens its network. Continued growth in passenger travel is stimulating demand for aircraft, which we have been able to address for Air Canada in this transaction with eight aircraft delivering from our 100 per cent latest technology orderbook.”
Singapore-based BOC Aviation Limited (HKEX Code: 2588) is a leading global aircraft operating leasing company with a fleet of 688 owned, managed or ordered aircraft. As of March 31, 2024, the company’s owned and managed fleet was leased to 90 airlines in 45 countries and territories. In addition to their Singapore headquarters, BOC maintains offices in Dublin, London, New York and Tianjin. BOC Aviation Limited is a Member of The Bank of China Group.
Air Canada is Canada’s largest domestic and international airline. The Canadian flag carrier is a founding member of the Star Alliance and holds a Four-Star ranking from Skytrax. Air Canada provides scheduled passenger service to 180 airports in Canada, the United States, and internationally on six continents. Through the carrier’s Aeroplan loyalty program, customers can earn and redeem points on the world’s largest airline partner network of 45 airlines. Air Canada Cargo offers air freight lift and connectivity to hundreds of destinations across six continents with a dedicated fleet of 767-300 Freighters and passenger aircraft belly hold capacity. Additionally, the airline has committed to a net zero emissions goal from all global operations by 2050.
Sources(s): Air Canada/CNW, BOC Aviation Limited