The BOC Aviation Limited and JetBlue Airways Corporation agreement involves two Airbus A321NEO aircraft and five A220-300 aircraft, powered by Pratt & Whitney GTFTM engines.
BOC Aviation Limited, a prominent global aircraft operating leasing company, has announced a finance lease transaction with JetBlue Airways Corporation. The agreement involves two Airbus A321NEO aircraft and five A220-300 aircraft, both powered by Pratt & Whitney GTFTM engines. The deal further strengthens the long-standing relationship between BOC Aviation and JetBlue, a highly respected airline in the United States.
Robert Martin emphasized the company’s strategy of deploying capital into the latest technology aircraft and diversifying financing structures beyond their traditional operating lease product. The finance lease agreement enables JetBlue to access the advanced, fuel-efficient aircraft that align with their commitment to sustainability and operational efficiency.
Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation, “This finance lease transaction builds on the long-term relationship that we have enjoyed with JetBlue, one of the United States’ most highly regarded airlines. It is also another example of how we are building our balance sheet by deploying capital into the latest technology aircraft, using financing structures beyond our traditional operating lease product.”
BOC Aviation is a key player in the global aircraft leasing industry, currently operating a fleet of 635 aircraft, which includes owned, managed, and ordered aircraft. As of March 31, 2023, their fleet was leased to 86 airlines across 39 countries and regions worldwide. The company’s focus on acquiring the latest technology aircraft allows them to provide leasing solutions that cater to the evolving needs of their airline customers.
Ursula Hurley, Chief Financial Officer, JetBlue said, “We’re pleased to strengthen our relationship with BOC Aviation by entering into these attractive finance lease transactions for our next generation, fuel-efficient aircraft.”
The finance lease transaction with JetBlue signifies BOC Aviation’s commitment to expanding its portfolio with advanced and eco-friendly aircraft models. By incorporating these aircraft into their fleet, the company not only strengthens its relationship with JetBlue but also positions itself as a leading lessor in the industry.
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The finance lease agreement between BOC Aviation and JetBlue is a testament to the companies’ shared commitment to innovation, sustainability, and delivering exceptional service to their customers. As they continue to collaborate and leverage their respective expertise, they aim to propel the aviation industry forward and provide airlines with access to cutting-edge aircraft solutions.
