BOC Aviation announced the placement of three Boeing 747-8 freighters with new customer Atlas Air Worldwide. All three aircraft are powered by General Electric GEnx engines and are scheduled for delivery in 3Q 2024.
“Atlas manages the world’s largest fleet of Boeing 747 freighter aircraft and is ideally placed to partner with us in the operation of these latest generation aircraft,” said Steven Townend, Chief Executive Officer and Managing Director. “As global airfreight volumes hit record highs this transaction highlights our ability to provide capacity solutions to a wide variety of airline customers.”
“As the world’s largest operator of 747 freighters, we are delighted to work with BOC Aviation to expand our widebody fleet with these three 747-8Fs,” said Michael Steen, Atlas Air Worldwide Chief Executive Officer. “Our growth in this aircraft type underscores Atlas’ commitment to the 747-freighter platform and the value it provides our customers, including significant payload capacity and unique nose-loading capability. Through our ongoing investments in innovation and our fleet, we continue to create additional operational flexibility, providing world-class service and acting as a trusted partner to our customers.”
BOC Aviation signs sale-leaseback with Frontier
BOC Aviation also announced it has signed purchase-and-leaseback agreements with existing customer Frontier Airlines for 15 new Airbus A320NEO aircraft. The aircraft are scheduled to be delivered in 2025 and 2026.
“BOC Aviation has been a highly valued business partner of Frontier Airlines for the past two decades, and we are thrilled to continue that partnership with these latest agreements,” said Robert Fanning, Vice President, Fleet for Frontier Airlines. “These 15 new A320NEOs will further support the continued growth of our company.”
“We are excited to be working again with long-time customer Frontier, which is the largest A320NEO operator in the United States,” said Steven Townend, Chief Executive Officer and Managing Director. “This transaction leverages our strong available liquidity and builds on our solid existing pipeline of aircraft scheduled for delivery beyond 2024, as we expand both our revenue base and our fleet of latest generation aircraft.”
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