BOC Aviation appears to have assumed an order for 17 additional Airbus A320neos and A321neos from an airline customer under a pre-delivery financing arrangement.
In a stock exchange disclosure, the lessor states that it has agreed to purchase the aircraft from Airbus, but has granted an option to an unnamed carrier to “either take the Aircraft on a long term lease from the Company or to purchase the Aircraft itself at the time of delivery.”
No breakdown between the variants was included in the disclosure, and the aircraft will be delivered between 2020 and 2021.
Based on list pricing, BOC Aviation values the deal at around $2.2 billion, although it acknowledges that there is a “significant difference” between that and the actual purchase price, which is confidential.
The disclosure is consistent with previous ones from BOC Aviation that have seen it assume orders from carriers and offer them options to later acquire or lease the aircraft under a pre-delivery finance deal.
FlyNas, Norwegian and TAP Air Portugal have been previously identified by FlightGlobal as carriers that have been recently involved in similar deals.