Posted on: 22 June 2010
BOC Aviation has signed agreements for the lease of two new CFM56-powered Airbus A320-200s to Spring Airlines, the leading low-fare airline in China.
The first aircraft has been delivered and the next aircraft is scheduled to be delivered in July.
Spring Airlines general manager, Wang Zhenghua, remarked, “Spring Airlines has been growing profitably since we began operations in 2005. We are confident that BOC Aviation will be a long-term partner as we continue to deliver on our promise of being a quality low-cost carrier."
Steven Townend, deputy managing director and chief commercial officer of BOC Aviation, said the lessor had to accelerate two delivery positions to win this deal as it had already placed all aircraft delivering in 2010. He added that 13% of BOC Aviation’s current lease revenue comes from the China region and this figure would rise to 24% if all future deliveries were included.
“Asia-Pacific carriers, especially those in China, have experienced a rapid recovery in their businesses on the back of improved economic fundamentals. Spring Airlines is the leading private carrier in China and BOC Aviation is very pleased to support its fleet expansion plans and further strengthen our position in the region,” Townend added.