BOC Aviation expands in India with SpiceJet transaction

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Operating lessor BOC Aviation has expanded its presence in the Indian market through a six Boeing 737-800 purchase and leaseback transaction with SpiceJet.

The Indian budget carrier, which become a new customer for BOC Aviation, has taken delivery of the first aircraft (MSN 37364) as it expand its routes in the Indian domestic market.

Flightglobal's Ascend Online database show that this aircraft was part of a 10-aircraft order placed by SpiceJet in April 2007.

The Indian carrier is scheduled to receive the remaining five units next year, according to the Singapore-based lessor.

“BOC Aviation welcomes a new customer in SpiceJet, as we grow our fleet and strengthen our position,’’ says managing director and chief executive officer of BOC Aviation Robert Martin.

The lessor has one 737-700 in operation with JetKonnect and 14 737-800s with Jet Airways, shows Ascend. BOC Aviation has four new 737-800 deliveries planned for Jet Airways in 2014.

According to Ascend, SpiceJet operates 35 737-800s, six 737-900ERs and 15 Bombardier Q400s.