BOC Aviation signs purchase-and-Leaseback agreement with MEA for up to ten new Airbus A321NEO aircraft:
3 September 2019: BOC Aviation Limited has signed a purchase-and-leaseback agreement with Middle East Airlines ("MEA") for a minimum of five, and up to ten new Airbus A321NEO aircraft. The aircraft is equipped with Pratt & Whitney's PurePower PW1100G-JM engines, and are expected to deliver in 2020 and 2021.
"We are very pleased to be working with Middle East Airlines once again on their fleet and network expansion plans, building on a long-term relationship that dates back over 20 years," said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation. "This incremental capital expenditure for larger narrow-body new technology aircraft is yet another example of our disciplined investment in popular and in-demand aircraft. It also speaks to our capacity to provide innovative solutions for our customers and, more importantly, our long-standing and strong customer relationships with leading airlines like Middle East Airlines."
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