BOC Aviation Limited has signed a lease transaction for 14 Boeing 737-8 MAX airplanes with TUI Airways Limited. All aircraft will be powered by CFM LEAP-1B engines and are scheduled for delivery in 2025 and 2026.
On Tuesday (December 3, 2024), BOC Aviation Limited announced the signing of lease agreements with TUI Airways Limited for 14 Boeing 737-8 MAX jets. The aircraft will be powered by CFM International LEAP-1B engines, and are scheduled for delivery in 2025 and 2026.
In Tuesday’s announcement, BOC Aviation’s CEO, and Managing Director, Steven Townend, said,
“With this financing we are once more working with our existing customer, TUI, as it builds its fleet of new generation aircraft. With the delivery of these aircraft anticipated over the next two years, this transaction will contribute to our investment and revenue pipelines.”
TUI is the world’s leading tourism group, boasting a portfolio of strong tour operators, 1,600 travel agencies and leading online portals, as well as five airlines with around 15o aircraft, over 400 hotels and 15 cruise ships. The company covers the entire tourism value chain under one roof. The TUI Group’s shares are listed on the FTSE 250 index on the Quotation Board of the Open Market on the Frankfurt Stock Exchange, and regulated Market of the Hanover Stoc Exchange.
Singapore-based BOC Aviation Limited (HKEX Code: 2588) is a leading global aircraft operating leasing company with a fleet of 693 owned, managed or ordered aircraft. As of September 30, 2024, the company’s owned and managed fleet was leased to 93 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