Latest news with #BOCAviation
Reuters
4 days ago
- Business
- Reuters
Russia's Aeroflot to settle deals for last 36 planes leased from West
MOSCOW, June 5 (Reuters) - Russian flag carrier Aeroflot ( opens new tab expects to sign settlement deals with Western insurers and leasing firms on the last 36 planes from a total of 228 aircraft it agreed to buy, Aeroflot head Sergei Aleksandrovski told Russian newspaper Kommersant. Aircraft leasing firms, such as AerCap (AER.N), opens new tab and BOC Aviation ( opens new tab have struck settlements with Russia totalling at least $2.7 billion for over a quarter of the roughly 400 aircraft stuck in the country since Moscow's invasion of Ukraine in 2022. "Only 36 aircraft remain, which are currently in the active phase of insurance settlement. Essentially, these are the last planes (needed to be settled) owned by fully fledged foreign lessors," he said in an interview published late on Thursday. Aeroflot expects that the agreements on the 36 planes could be finalised between May and July this year, Aleksandrovski added. As part of previous deals, international lessors have handed ownership of the planes to a Russian state insurance company, NSK, which used state budgetary funds to buy them and transfer them to Russian airlines. Aleksandrovski said government money would not be used for these 36 planes, but did not disclose the value of the deal. The settlement will be paid from Aeroflot's own and borrowed funds.
Yahoo
08-04-2025
- Business
- Yahoo
Boeing's Big Comeback? Record Orders Signal a Massive Turnaround
Boeing (NYSE:BA) just logged its strong month in 2025and the market is paying attention. The company delivered 41 jets in March, a solid lift from 29 a year ago and bringing its Q1 total to 130, up from 83 last year. While slightly behind January and February, this recovery in deliveries is being overshadowedin a good wayby a blockbuster month of new orders: 163 net orders, including 88 for the 737 MAX. That haul includes major wins from BOC Aviation, Japan Airlines, and Korean Air. Boeing also booked 11 777 freighters and 53 Dreamliners, pushing its order backlog to a hefty 5,648 aircraft. In a business where cash flow is tied to completed deliveries, this kind of order momentum is a bullish signal. Warning! GuruFocus has detected 4 Warning Signs with BA. But this isn't full throttle just yet. Ongoing production issues still loom. Airbus (EDASY), which delivered 136 jets in Q1, is also running into engine shortages due to delays at GE and Safran's CFM joint venture. Meanwhile, one of Boeing's key suppliersHowmet Aerospace (NYSE:HWM)is already warning that a new wave of tariffs, if enacted, could disrupt shipments. Add in Boeing's regulatory hurdles and lingering labor tensions, and the runway ahead isn't exactly smooth. Supply chain friction remains the biggest constraint across the entire aerospace sector. Still, the March numbers offer something Boeing hasn't had in a while: clear demand visibility. Leasing firms are back in bulk, freight carriers are doubling down, and airlines across Asia are placing multi-year bets. Investors should keep their eyes on executionbecause the orders are coming in fast, but revenue only hits when planes get out the door. Boeing has a shot to turn this backlog into a real comeback story, but as always, it's what gets delivered that counts. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
BOC Aviation Orders 50 Boeing 737 MAX Jets to Support Global Airlines
- Latest 737-8 purchase to help meet increasing narrowbody demand as global air travel continues to soar SEATTLE, March 30, 2025 /PRNewswire/ -- Boeing [NYSE: BA] and BOC Aviation have announced a new, firm order for 50 737-8 jets, expanding the lessor's 737 MAX portfolio to 215 737-8s and 737-9s. BOC Aviation will increase its Boeing order book to 139 unfilled orders. BOC Aviation currently has 69 737 MAX airplanes on operating leases to more than 15 airlines worldwide. "Our strong partnership with Boeing has led to this 50-aircraft order for the fuel-efficient Boeing 737-8 aircraft. With this transaction, we have commitments to purchase over 140 of these aircraft, which is the largest Boeing orderbook position in our history," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "This order will enable us to continue providing our airline customers with technologically advanced aircraft for their future fleet growth." With single-aisle jets projected to account for 75% of global deliveries over the next 20 years, lessors are looking to build their order books to support airlines' fleet growth plans and replace less-efficient older jets. To date, lessors have ordered more than 1,200 737 MAX jets as they seek to replace up to 300 Next-Generation 737s per year that are set to retire from passenger operations by the end of the decade. "BOC Aviation's latest investment in the 737-8 demonstrates the confidence lessors have in this airplane to meet continued air travel demand and improve fuel efficiency," said Brad McMullen, Boeing senior vice president of Commercial Sales and Marketing. "The 737-8 is much sought after by airlines due to its unmatched versatility, generating significant operational savings because of lower fuel consumption." The 737-8, seating 162 to 210 passengers depending on configuration and with a range of up to 3,500 nautical miles (6,480 km), is the market's most versatile single-aisle airplane, capable of operating profitably on short- and medium-haul routes. A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity. Boeing Media Relationsmedia@ View original content to download multimedia: SOURCE Boeing Sign in to access your portfolio
Yahoo
31-03-2025
- Business
- Yahoo
BOC Aviation to buy 120 Boeing and Airbus aircraft
(Reuters) - Singapore-based BOC Aviation said on Monday it has entered into an agreement with Boeing to purchase 50 Boeing 737-8 aircraft for an undisclosed sum. The aircraft-operating leasing company also said it has entered into an agreement with Airbus to purchase 70 Airbus A320NEO family aircraft, also for an undisclosed sum. Sign in to access your portfolio
Reuters
31-03-2025
- Business
- Reuters
BOC Aviation to buy 120 Boeing and Airbus aircraft
March 31 (Reuters) - Singapore-based BOC Aviation ( opens new tab said on Monday it has entered into an agreement with Boeing (BA.N), opens new tab to purchase 50 Boeing 737-8 aircraft for an undisclosed sum. The aircraft-operating leasing company also said it has entered into an agreement with Airbus ( opens new tab to purchase 70 Airbus A320NEO family aircraft, also for an undisclosed sum.
