BOC Aviation Orders 30 Airbus A320s

BOC Aviation said it ordered 30 Airbus A320s at the end of December, in a deal worth just over USD$3 billion at list prices.

BOC Aviation, an arm of Bank of China, said the deal covers 12 current-generation A320s and 18 A320neos.

Aircraft lessors like BOC Aviation are raising funds and expanding fleets to tap into growing demand from airlines around the world that are seeking to lower fixed costs.

BOC Aviation said as of December 31 it had commitments to buy 241 aircraft, with a portfolio of 270 owned and managed planes operated by 62 airlines worldwide.