BOC Aviation Pte. Ltd. (“BOC Aviation”) announced that Iberia, the Spanish carrier, took delivery of its fifth A330-300 from BOC Aviation.

The aircraft is the first to carry Iberia’s new livery and is named after Spanish King Juan Carlos I.

Iberia, an International Airlines Group (“IAG”) airline, has now taken delivery of nine Airbus aircraft out of 12 leased from BOC Aviation, comprising four new A320-200 aircraft and five new A330-300 aircraft.

The remaining three A330-300 aircraft are to be delivered by April 2014.

Javier Sánchez-Prieto, Iberia’s chief financial officer, said: “Iberia is keen to upgrade its fleet to meet the challenges of today’s aviation industry conditions and the delivery of these aircraft by BOC Aviation helps Iberia strategically by adding financial and operational flexibility to the fleet,” 

Robert Martin, managing director & chief executive officer of BOC Aviation, added: “We are honoured to deliver the aircraft that’s named after His Majesty King Juan Carlos I and to finance the aircraft that carries Iberia’s new livery.

“Our ability to deliver these large numbers of aircraft in a short period demonstrates our ability to assist our airline customers with innovative solutions.”

BOC Aviation is an Asia-based aircraft leasing company with a portfolio of 234 owned and managed aircraft operated by more than 50 airlines worldwide and another 102 aircraft on firm order. 

BOC Aviation, fully owned subsidiary of the Bank of China 100 percent is marking  its 20th anniversary today.