Singapore-based lessor BOC Aviation has signed a purchase-and-leaseback agreement with Qatar Airways for six new Airbus A350s.
Deliveries of the twin-aisle A350 have been slower than expected; the Airbus production line was impacted by slow deliveries of cabin and interior equipment.
Speaking on the sidelines of the Arab Air Carriers Organization annual meeting in Casablanca, Morocco, in late November, Qatar Airways’ Group CEO Akbar Al Baker said that it had 12 A350s on strength at that point.
“We should have had 19 by the end of ,” he said. “Three more are promised [by year-end]. We think only one will arrive.”
The sale-and-leaseback deal “adds to our fleet of in-demand aircraft on long-term leases,” BOC Aviation’s MD and CEO Robert Martin said. “This incremental capital expenditure is in line with our current strategy to grow our fleet through disciplined investment.”
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