BOC Aviation Orders 50 A320 Family Aircraft, Including 25 NEOs

BOC Aviation, an aircraft lessor owned by Bank of China Ltd. (3988), said it will buy 50 Airbus SAS A320 family planes, as rising travel in the region spurs demand for new aircraft.

The order comprises of A320 and A321 variants, including 25 neos, BOC Aviation said in a statement today. The order is worth more than $4 billion at 2012 list prices on Airbus website. Planemakers usually give discounts to large customers.

The planes are scheduled for delivery from the second half of 2014 through end of 2019, the lessor said. PT Garuda Indonesia (GIAA)’s low-cost unit also announced yesterday an order for 25 Airbus A320neos, as carriers expand their fleet to benefit from rising travel in Asia.

BOC Aviation previously placed an order for the A320 jets in 2010, it said. With the current agreement, the company’s cumulative orders for Airbus planes reached 187, it said.

To contact the reporters on this story: Colin Keatinge in Singapore at ckeatinge@bloomberg.net; Vipin V. Nair in Mumbai at vnair12@bloomberg.net

To contact the editor responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net