Wednesday, November 3, 2010

Thai Airways to lease 8 777-300ER's

(Photo courtesy of Boeing)

BOC Aviation ordered eight Boeing 777-300ERs for long-term lease to Thai Airways International. Boeing valued the orders at $2.2 billion at average list prices.

The aircraft, powered by GE90-115BL engines, will be delivered from August 2012 to October 2013. The lease marks the first time BOC Aviation has worked with Thailand’s national carrier.

The Thai board of directors approved the acquisition of the aircraft last June but said they must be leased and the commitment did not appear on the Boeing orders and deliveries website at the time, as no order had been placed.

“We are in the process of replenishing our order book as air traffic has returned strongly. With the order of these eight Boeing 777-300ERs for lease to Thai, we have further strengthened the quality of both our lease and aircraft portfolios. We look forward to developing further our partnership with Thai and playing a long-term role in the carrier's future fleet requirements,” BOC Aviation MD and CEO Robert Martin said.

BOC Aviation, owned by the Bank of China, has a portfolio of 137 single-aisle and 26 wide-body aircraft.

(Geoffery Thomas - ATWOnline News)

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