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Monday, August 25, 2014

BOC Aviation Orders $8.8 Billion in Boeing 737s, 777s

Juliet Van Wagenen

A Boeing 787 Max 8 in flight
 A Boeing 787 Max 8. Photo: Boeing

[Avionics Today 08-25-2014] BOC Aviation placed an order valued at $8.8 billion for 50 Boeing 737 MAX 8s, 30 Next-Generation 737-800s and two 777-300ERs (Extended Range). The order is the largest in BOC Aviation's 20-year history and part of the Singapore-based leasing company's effort to grow its portfolio of fuel-efficient airplanes. It also adds to BOC Aviation's fleet, which is among the youngest in the leasing industry with an average age of less than four years.

The 737 MAX incorporates CFM International LEAP-1B engines while the 777-300ER is equipped with GE90-115BL engines and can fly up to 7,825 nautical miles. The 737-800 is the best selling airframe in the 737 family, according to Boeing.

"The 737 is known for its operational and fuel efficiency, and BOC Aviation expects healthy demand for the Next Generation 737 and 737 MAX variants in the next seven years," said Robert Martin, managing director and chief executive officer for BOC Aviation.

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