AUSTRALIA: BOC reaches leasing deal with Virgin Blue

BOC Aviation has concluded a purchase- and-leaseback (PLB) deal with Virgin Blue Airlines for one late-2008 vintage aircraft and three new Boeing 737-800 aircraft. The aircraft will be leased for an average lease term of 10 years, with delivery of the three new aircraft scheduled for the fourth quarter of this year. Virgin Blue, Australia’s […]


BOC Aviation has concluded a purchase- and-leaseback (PLB) deal with Virgin Blue Airlines for one late-2008 vintage aircraft and three new Boeing 737-800 aircraft. The aircraft will be leased for an average lease term of 10 years, with delivery of the three new aircraft scheduled for the fourth quarter of this year.

Virgin Blue, Australia’s second largest airline with a 32 per cent market share in the domestic market, will use the aircraft for domestic and international routes in the Pacific region.