BOC Aviation has signed agreements for the lease of three new A320-200 aircraft to China Southern Airlines (“China Southern”). All three aircraft, to be equipped with IAE V2527-A5 SelectOne engines, are scheduled to be delivered in the first half of 2014.
China Southern is one of the largest airlines in China. China Southern and BOC Aviation started their business cooperation since 1993 and have enjoyed a good working relationship. Both companies are pleased to further the relationship with the lease of these aircraft.
“We are delighted to close this transaction with China Southern, our company’s very first customer. We greatly appreciate the opportunity to play a continued role in its fleet development plans,” said Mr. Steven Townend, Deputy Managing Director and Chief Commercial Officer of BOC Aviation.
BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 198 owned and managed aircraft operated by airlines worldwide and another 58 aircraft on firm order. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.
BOC Aviation is 100% owned by Bank of China, one of the largest banks in the world.