On October 7, 2024, BOC Aviation, an aircraft leasing company, announced a significant lease transaction with United Airlines. The deal involves three Boeing 737 Max 9 and one Boeing 787-9 aircraft, all of which are already operational with United.
These aircraft are powered by advanced engines, with the 737 Max 9s equipped with CFM LEAP-1B engines and the 787-9 featuring General Electric's GEnx engines. This lease agreement continues the long-standing partnership between BOC Aviation and United Airlines. It supports United’s ongoing fleet renewal program, which is focused on enhancing fuel efficiency and reducing environmental impact through the use of next-generation aircraft.
BOC Aviation's Expanding Fleet
BOC Aviation, headquartered in Singapore with offices in key cities, including Dublin, London, and New York, is one of the largest aircraft leasing companies worldwide. With a fleet of 680 aircraft, BOC Aviation leases planes to 93 airlines across 47 countries and regions. As of June 2024, the company continues to grow its portfolio, investing in new opportunities such as, fuel-efficient aircraft like the Boeing 737 Max and 787 Dreamliner.
Supporting United’s Sustainability Goals
The lease of these modern aircraft reflects United’s commitment to upgrading its fleet with more environmentally friendly options. The Boeing 737 Max 9 and 787-9 are known for their fuel efficiency and lower emissions, making them attractive choices for airlines aiming to reduce their carbon footprint.
BOC Aviation CEO, Steven Townend, highlighted the significance of this transaction, stating, “We are delighted to be supporting our long-time customer, United, once again, as it continues its fleet renewal program. Financing these four latest-generation Boeing aircraft provides us with an incremental investment opportunity as we continue to grow our business.”
This deal marks another milestone in BOC Aviation's efforts to expand its influence in the aviation leasing market while supporting airlines like United in their mission to modernize their fleets with advanced, efficient aircraft.
The BOC Aviation-United Airlines lease agreement is a win-win situation. United benefits from access to modern, fuel-efficient aircraft, while BOC Aviation solidifies its position as a key player in the global aircraft leasing industry.
This deal also shows the strong, enduring partnership between United and BOC Aviation, with both companies aligned on sustainability, and growth.
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