BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has signed a purchase-and-leaseback agreement with Qatar Airways for three new Airbus A350 twin-aisle aircraft. The aircraft are powered by Rolls Royce Trent XWB engines. The three transactions are expected to close in the third quarter of 2019.
“Our relationship with Qatar Airways dates back 20 years to 1999, and we are very pleased to partner with our largest customer once again to support their fleet and network expansion plans,” said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. “This addition to our portfolio of popular, in-demand aircraft on long-term leases to strong airline customers is in line with our strategy of growing our fleet through disciplined investment. We look forward to building on our long-standing relationship with Qatar Airways.”