Tomahawk, WI 08/26/2014 (Basicsmedia) – Aircraft leasing company based in Singapore, BOC, has bolstered The Boeing Company (NYSE:BA) order-sheet after tabling an order for 82 planes valued at $8.8 billion according to Bloomberg’s Mark Barton. The order will be made’ of a mixture of 737-700s as well as 737-300ERS and 737MAX 8s aircrafts.
BOC has ordered 50 737MAX 8s model, 30 aircrafts from the next generation 737-800s and two extended range 777-300ERs. The latest order by BOC breaks its 20-years order record, considering it is the youngest in the leasing industry.
“BOC aviation is buying $8.8 billion worth of Boeing Company (NYSE:BA) jets this is the company’s biggest ever order it is a bet on demand for new planes to serve Asia travel boom,” said Mr. Barton.
BOC opted to go for Boeing’s 737 models because of their fuel efficient abilities that have prompted a number of airlines to place orders while others have already added them to their fleet. The Boeing Company (NYSE:BA)’s 737-800 continues to be the best-selling model of the larger 737 family because of its ability to guarantee high levels of dependability, operational efficiency as well as financial performance due to improved fuel efficiency capability.
The 737-800 is, on the other hand, considered as the epitome of passenger comfort in the single-aisle market as it features the latest technology as well as CFM LEAP -1B engines that have been proved to have the ability of delivering the highest level of efficiency and reliability.
The Boeing Company (NYSE:BA) has seen an increase in orders for its airplanes this year as airlines continue to cut on expensive older airplanes from their books opting to turn for newer planes that are highly fuel efficient. Boeing expects its sales to increase going forward as more airlines continue to revamp their fleets.