SINGAPORE : BOC in lease-back deal with Air Canada

BOC Aviation has finalised agreements with Air Canada for the purchase and lease-back of two new Boeing 777-300ER aircraft. Scheduled for delivery to Air Canada in March and April this year, the aircraft will be leased to the airline for a period of 12 years each. These aircraft are part of Air Canada’s current order […]


BOC Aviation has finalised agreements with Air Canada for the purchase and lease-back of two new Boeing 777-300ER aircraft. Scheduled for delivery to Air Canada in March and April this year, the aircraft will be leased to the airline for a period of 12 years each. These aircraft are part of Air Canada’s current order with Boeing. This is the first contract between BOC Aviation and Air Canada and the two aircraft are the 11th and 12th B777 aircraft acquired by BOC Aviation since 1993 and six of them currently remain in the portfolio.

"We are pleased to have Air Canada as a customer and participate in their fleet renewal program", said Steven Townend, BOC Aviation’s Chief Commercial Officer.

"With this transaction, we are expanding our fleet of widebody aircraft and presence in the North American market."

BOC Aviation has a portfolio of 79 modern aircraft operated by airlines worldwide. In addition, the company has 62 aircraft on firm order for deliverythrough to 2013.