BOC Aviation Places Order for 30 Airbus A320 Family Aircraft
BOC Aviation, an aircraft leasing company based in Singapore and owned by Bank of China, announced an order for 18 A320neo family aircraft and 12 A320ceo family aircraft. The order would be worth approximately $3 billion at list prices.
The lessor is bulking up its fleet ahead of a $3 billion IPO on the Hong Kong exchange later this year.
The A320neo model range currently consists of the A319neo, A320neo, and A321neo aircraft. The letters “neo” stand for New Engine Option, while “ceo” stands for Current Engine Option.
The A320neo family planes will incorporate many innovations by including the latest generation engines and large Sharklet wingtip devices. Airbus says that these innovations will reduce fuel usage by 15%. By 2020, the aircraft manufacturer promises to deliver 20% in fuel savings.
Including the new order, BOC Aviation has purchased 306 new Airbus aircraft, including 12 A330, and 294 A320 family planes, making the lessor one of the aircraft manufacturer’s top ten customers. Airbus currently has over 12,300 orders for A320 family aircraft.
(Photo: Accura Media Group)