November 13, 2017: Global aircraft operating leasing company, BOC Aviation Limited has announced that it has signed a purchase-and-leaseback agreement with Qatar Airways for three Boeing 777- 300ER aircraft, currently in operation with the airline.
“We are delighted to be once more supporting Qatar Airways’ fleet development plans, building on a long-term relationship that dates back to 1999, and adding popular, in-demand aircraft on long-term leases to our portfolio. This incremental capital expenditure is in line with our current strategy of growing our fleet through disciplined investment,” said Robert Martin, managing director and chief executive officer, BOC Aviation.
BOC Aviation has a fleet of 499 aircraft owned, managed and on order. Its owned and managed fleet was leased to 76 airlines worldwide in 33 countries.
State-owned Qatar Airways operates to all six continents, connecting more than 150 destinations.