Airlines BOC Aviation purchases 11 Boeing 737 MAX 8 for Lynx Air

Leasing Company BOC Aviation has announced a new order with Boeing for 11 737 MAX 8 aircraft.

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A new purchase agreement has been signed between BOC Aviation and U.S.-American aircraft manufacturer Boeing over 11 737 MAX 8 aircraft. The CFM LEAP-1B powered aircraft will be directly leased to Lynx Air.

Deliveries are expected to take place between next year and 2024. With the aircraft, BOC Aviation expands its aircraft portfolio and Lynx Air is able to offer new routes to new destinations within its network in an efficient and environmentally sustainable way.

Merren McArthur, CEO, Lynx Air, commented: “We are pleased to be partnering with BOC Aviation for the lease of 11 of our new aircraft […] The financing of these aircraft is integral to our growth plans as we continue our mission to make air travel accessible to all Canadians. We are looking forward to welcoming Canadians on board these brand-new Boeing 737 MAX airplanes.”

Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation, added: “We are delighted to welcome Lynx as a new customer and are pleased to support the airline’s plans to serve the Canadian travel market with the most fuel-efficient, technologically advanced aircraft […] This transaction demonstrates the innovative financing solutions that we provide for our global customer base and reflects our disciplined investment strategy focused on a portfolio of latest technology aircraft.”

Lynx Air is the latest operator in Canada´s Ultra Low-Cost-Carrier (ULCC) Market. Back in November 2021, the airline released its intentions to start operations in 2022. Currently, ULCCs like Swoop and Flair Airlines are operational in the market.

For its operations, Lynx Air will use the modern 737 MAX 8 aircraft, which have modern high-bypass ration engines and have a better operational performance compared to previous-generation aircraft like the 737-800. Before this announcement, Lynx Air had already signed lease agreements and firm orders for 46 aircraft, underlining the carrier´s ambitions.

BOC Aviation is a leading company in the aircraft leasing segment and its portfolio includes 521 aircraft, which are owned managed or on order with major aircraft manufacturers. Currently, 86 airlines in 38 countries are using BOC Aviation´s aircrafts. Headquarters are located in Singapore with offices in Dublin, London, New York and Tianjin.

Source © bocaviation.com

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