Aircraft leasing company BOC Aviation announced that it entered into an agreement with Boeing to purchase an additional 40 new B737 MAX 8 aircraft.
In its announcement dated December 28, 2022, BOC Aviation said that all aircraft are scheduled for delivery in 2027 and 2028.
“We are pleased to continue to build on our existing relationship with Boeing, with this 40-aircraft incremental order for the fuel-efficient Boeing 737-8 aircraft. The incremental order takes our total 737 MAX 8 orderbook with Boeing to 80 aircraft,” David Walton, BOC Aviation deputy managing director and chief operating officer said in the statement.
“We look forward to continuing to provide one of the industry’s most technologically advanced aircraft for delivery on lease to our airline customers, and to support their sustainable growth over the balance of this decade,” Walton concluded.
According to Boeing, the 737 MAX family has had a continued growth in market demand, with more than 1,500 gross orders since late 2020.
The 737-8 is designed to offer more fuel efficiency, reliability and flexibility compared to previous Boeing 737 models. The aircraft can fly 3,500 nautical miles (about 600 miles farther than its predecessor) allowing airlines to serve new and more direct routes for passengers.
Compared to the aircraft it replaces, the 737-8 also uses 20% less fuel, reducing CO2 emissions and operating costs.
“We are proud that BOC Aviation continues to invest in the 737-8 with its industry-leading versatility and ability to fly almost any short- and medium-haul market profitably,” Ryan Weir, Boeing Commercial Airplanes vice president of global leasing sales said in the statement.
Weir added: “We look forward to more opportunities to expand our relationship to support BOC Aviation and its customers.”
BOC Aviation is a global aircraft operating leasing company with a fleet of 612 aircraft owned, managed and on order. Its owned and managed fleet was leased to 81 airlines in 38 countries and regions worldwide as of September 2022.