BOC Aviation has acquired five Boeing 737-8 aircraft from The Boeing Company and secured long-term lease agreements for these aircraft with Arajet S.A. (Arajet). All aircraft will be powered by CFM LEAP-1B engines and are scheduled for delivery in 2026 and 2027.
Arajet S.A. is an ultra-low-cost airline and the flag carrier of the Dominican Republic. The airline commenced operations in September 2022 and currently operates a fleet of ten aircraft from its bases in Punta Cana and Santo Domingo. It provides direct flights to 24 cities across 16 countries, playing a key role in enhancing air connectivity in the region.
“We are delighted to be extending our relationship with Arajet with this latest transaction, as it develops its fleet and route network,” said Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation. “As these aircraft deliver, we continue to grow our future order book and to further build out our fleet of technologically advanced aircraft.”
Arajet's Founder and CEO, Victor Pacheco, expressed similar sentiments, stating, “We value our partnership with BOC Aviation as we continue to consolidate our fleet and our footprint in the region.”
