BOC Aviation Limited has signed long-term lease agreements with Arajet for five Boeing 737-8 MAX jets. The aircraft will be powered by CFM LEAP-1B engines and are scheduled for delivery in 2026 and 2027.
On Monday (February 24, 2025), BOC Aviation Limited announced the placement of fiver Boeing 737-8 MAX aircraft on long-term lease to Arajet. The CFM LEAP-1B powered jets are scheduled for delivery in 2026 and 2027. Arajet S.A. is the ultra-low-cost carrier (ULCC) of the Dominican Republic, which launched operations in September 2022. Currently the airline operates a fleet of 10 aircraft from their bases in Punta Cava and Santa Domingo, and serves 24 cities across 16 countries.
In Monday’s announcement, BOC Aviation’s Managing Director and CEO, Steven Townend, said,
“We are delighted to be extending our relationship with Arajet with this latest transaction, as it develops its fleet and route network. As these aircraft deliver, we continue to grow our future orderbook and to further build out our fleet of technologically advanced aircraft.”
Also commenting on the new lease agreements, Arajet’s Founder and CEO, Victor Pacheco, added,
“We value our partnership with BOC Aviation as we continue to consolidate our fleet and our footprint in the region,” said Victor Pacheco, Founder and CEO, Arajet.
Singapore-based BOC Aviation Limited (HKEX Code: 2588) is a leading global aircraft operating leasing company with a portfolio of 709 owned, managed or ordered engines and aircraft. As of December 31, 2024, the company’s owned and managed fleet was leased to 92 airlines in 48 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.
Source: BOC Aviation Limited