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BOC Aviation orders four 787-9s for lease to Air Europa

BOC Aviation has placed an order for four Boeing 787-9s and will be leased to Spanish carrier Air Europa.

The Singapore-based lessor says in a statement that the Rolls-Royce Trent 1000-powered aircraft will be delivered in 2019. At list prices, the order is valued at $1.08 billion.

“We are delighted to add the Rolls-Royce powered Boeing 787-9 aircraft to our portfolio. This order is the company’s first for a Rolls-Royce Trent 1000 engine, demonstrating our confidence in these fuel-efficient engines that deliver impressive performance,” says BOC Aviation managing director and chief executive Robert Martin.

In a stock exchange statement, the lessor adds that it will fund the purchase through cash on hand, loan proceeds or other borrowings.

The lease deal is the first between Air Europa and BOC Aviation, and the airline says that it will help to grow its 787 fleet to 24 units by 2022.

Flight Fleets Analyzer shows that the carrier presently operates eight 787-8s and has 14 787-9s on order.

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