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A Norwegian 787-9 sitting at the gate at Las Vegas McCarran International Airport. (Photo: AirlineGeeks | William Derrickson)

Chinese Government-Backed Lessor Takes Stake in Norwegian Air

Amid the coronavirus pandemic, revenue sources of most airlines are petrified, thus forcing them to struggle to maintain the survival of their business. BOC Aviation, a global aircraft leasing company and a subsidiary of the state-owned Bank of China, has become a major shareholder in the struggling low-cost airline Norwegian Air Shuttle. Norwegian Air said in an announcement released on Wednesday that Ireland-based AerCap Holdings, the world's largest independent aircraft leasing company, will become the biggest shareholder with 15.9% of…

Aircraft Lessor BOC Aviation Places Firm Order for 20 A320neos

Airbus announced this week that Singapore-based lessor BOC Aviation placed a firm order for 20 A320neo aircraft. As of September 2019, BOC owns 309 aircraft. Of those, 37 are A320neos.  The company also owns 121 A320ceos. In addition to the 309 aircraft owned by BOC, they also manage 36 aircraft and…

BOC Aviation Continues Fleet Expansion by Adding 11 New Airbus…

BOC Aviation has recently announced an order for five new Airbus A320 aircraft, with delivery slated for 2017. Last week the company also announced its Purchase-and-Leaseback (PAL) agreement with Qatar Airways for six new Airbus A350 aircraft. With the addition of widebody as well as single-aisle aircraft, the lease company…