Chinese leasing major BOC Aviation buys 40 Boeing 737 Max jets

Travel demand rises, but troubled plane still grounded in China for now

20221228N BOC Aviation

BOC Aviation is updating its fleet, anticipating a post-coronavirus rebound in travel demand. © Reuters

YUSUKE HINATA, Nikkei staff writer

GUANGZHOU -- BOC Aviation will purchase 40 Boeing 737 Max airliners, the Chinese aircraft leasing company said on Wednesday, continuing to update its fleet amid an expected post-COVID recovery in travel demand.

The company, a unit of Bank of China, plans to take delivery of the aircraft in 2027 and 2028. Combined with existing orders for the short- to midrange Boeing plane, BOC will receive 80 of the 737 Max jets between 2023 and 2028.

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