BOC Aviation place $8.8 billion aircraft order including the 737 Max

Boeing Commercial Airplanes announced a record-breaking order last Monday by Singapore-based aircraft sales and leasing company, BOC Aviation.

The order, the largest in the company's young 20 year history, consists of 50 737 MAX 8 aircraft, the fourth generation of the 737 family by Boeing, 30 Next Generation 737-800s, the third generation of 737s and the predecessor to the MAX 8, and 2 777-300ERs (Extended Range) aircraft.

BOC Aviation, which is wholly owned by the Bank Of China, placed the $8.8 billion order as a part of the company's response to the airline industry seeking fuel efficient aircraft and "expanding or replacing older fleets of aircraft", as quoted by Robert Martin, CEO and managing director BOC. 

"The order adds to BOC Aviation's fleet, which is among the youngest in the leasing industry with an average of less than four years (of age)." he added.

Dinesh Keskar, Senior Vice President of Asia Pacific and India Sales for Boeing, says BOC Aviation have played an important role in the success of the Next-Generation 737s and 777ERs in the leasing market, by helping place the airplanes with airlines worldwide.

"We're excited about our continued relationship with BOC Aviation and look forward to working with them on the new 737 MAX" he said.

The 737-800, which first entered service in 1998, is highly regarded in the airline industry for its fuel efficiency; a combined result of the use of winglets and higher altitude operations among others, and the version's dependability in various operations.

The 737 MAX also delivers financial advantages in fuel costs to airlines, with the implementation of CFM International's LEAP 1B engines. The engines, combined with Boeing's Advanced Technology winglet, contribute to a 14% fuel reduction on most single-aisled airplanes in use today.

The 777-300ER, the highest selling 777 variant, has a 1.4% improved fuel efficency on the 777-300 model, due to aerodynamic refinements. It is also equipped with General Electric GE90-115BL engines, the world's most powerful commercial jet engines.

BOC Aviation's fleet consists of over 200 aircraft, including primarily Airbus, Boeing and Embraer aircraft, operating with 50 airlines worldwide.

Written by: Luke Hague

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