BOC Aviation has signed an agreement with Airbus for the purchase of 50 A320 Family aircraft, including 25 NEOs, scheduled for delivery from the second half year of 2014 to end of 2019. The order comprised A320 and A321 variants of both engine options i.e. CEOs and NEOs.

BOC Aviation will make an announcement on the engine decision shortly.BOC Aviation last placed an order for the A320ceo Family aircraft in 2010. This order for the A320neo Family aircraft will be its first for the new engine option.

“Airbus’ popular A320 and A321 aircraft with the current engine option are outstanding aircraft for airlines focusing on operational efficiency who want to offer their passengers a superior short to medium haul travel experience,” said Robert Martin, BOC Aviation’s managing director and chief executive officer. “The A320neo Family order reinforces our commitment to be a key player in the leasing industry as we make the latest eco-efficient aircraft available to our customers.”

“The announcement from BOC Aviation is another vote of confidence in the long-term appeal of our popular A320 Family. It works well for the financial community thanks to its wide operator base, its proven excellent operating economics as well as strong residual values,” said John Leahy, chief operating officer customers, Airbus. “With this latest order for A320 Family aircraft, BOC Aviation is well placed to continue to build on its position as a top tier leasing company. ”

Including this latest purchase agreement, BOC Aviation’s cumulative orders for new Airbus aircraft reach a total of 187 (181 A320 Family and six A330 Family aircraft), of which 131 have already been placed with airlines. To date, BOC Aviation has placed Airbus aircraft with over 40 airlines worldwide.

BOC Aviation is an Asia-based aircraft leasing company with a portfolio of 203 owned and managed aircraft operated by airlines worldwide and another 100 aircraft on firm order. BOC Aviation is 100% owned by Bank of China. BOC Aviation will be celebrating its 20th anniversary this year.