BOC AVIATION SIGNS LEASES WITH TUI FOR 14 BOEING AIRCRAFT
03 Dec 2024
BOC Aviation Limited ("BOC Aviation" or the "Company") is pleased to announce that it has entered into a lease transaction involving 14 Boeing 737-8 aircraft with TUI Airways Limited ("TUI"). All aircraft will be powered by CFM LEAP-1B engines and are scheduled to deliver in 2025 and 2026.
"With this financing we are once more working with our existing customer, TUI, as it builds its fleet of new generation aircraft," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "With the delivery of these aircraft anticipated over the next two years, this transaction will contribute to our investment and revenue pipelines."
About TUI
TUI is the world's leading tourism group. The broad portfolio gathered under the Group umbrella consists of strong tour operators, 1,600 travel agencies and leading online portals, five airlines with around 150 aircraft, over 400 hotels, 15 cruise liners and many incoming agencies in all major holiday destinations around the globe. It covers the entire tourism value chain under one roof. A key feature of its corporate culture is its global responsibility for economic, environmental and social sustainability. This is reflected in more than 20 years of commitment to sustainable tourism. The TUI Group's share is listed in the FTSE 250 index, in the Quotation Board of the Open Market on the Frankfurt Stock Exchange, and regulated Market of the Hanover Stock Exchange.
About BOC Aviation
BOC Aviation is a leading global aircraft operating leasing company with a fleet of 693 aircraft owned, managed and on order. Its owned and managed fleet was leased to 93 airlines in 48 countries and regions worldwide as at 30 September 2024. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin. For more information, visitwww.bocaviation.com.
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For more information, please contact:
Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873 [email protected]
www.bocaviation.com
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BOC Aviation Ltd. published this content on December 03, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on December 03, 2024 at 09:38:04.105.
BOC Aviation Limited is a Singapore-based aircraft-operating leasing company. The Company is focused on purchasing new, fuel-efficient, in-demand aircraft directly from aircraft manufacturers, financing those aircraft purchases efficiently, and placing the aircraft on long-term operating leases with a diversified customer base. It owns and manages a fleet of approximately 635 aircraft. It holds a customer base of approximately 91 airlines in 45 countries and regions in the owned and managed portfolios. It offers services to airlines and aircraft owners, including direct operating leases, sale and leaseback facilities and third-party asset management. It also provides aircraft remarketing and technical management services to airlines, banks, and other investors. Its aircraft portfolio includes Airbus A320CEO family, Airbus A330CEO family, Airbus A320NEO family, Airbus A330NEO family, Airbus A350 family, Boeing 737NG family, Boeing 737 MAX family, Boeing 777-300ER, among others.
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