BOC Aviation Limited has entered into a lease agreement with Colombian flag carrier Avianca, committing nine Airbus A320neo aircraft on long-term leases. The aircraft, to be powered by CFM LEAP-1A engines, are scheduled for delivery in 2027, and will be sourced through a direct purchase arrangement between BOC Aviation and Airbus.
This transaction reinforces the ongoing strategic collaboration between BOC Aviation and Avianca, and supports the airline's broader plans to renew and modernise its fleet. Avianca, the largest airline in Colombia and a member of the Star Alliance, is focused on integrating fuel-efficient, next-generation aircraft as part of its operational and sustainability goals.
The agreement marks another step in BOC Aviation's effort to expand its fleet of technologically advanced aircraft. The company has positioned itself at the forefront of the global leasing market by offering cutting-edge solutions to airline customers in growth regions, such as Latin America. This deal is expected to enhance BOC Aviation's presence in the region while also contributing to its long-term portfolio diversification.
Avianca, founded in 1919 and one of the world's oldest continuously operating airlines, currently manages a fleet of over 180 aircraft. Its extensive network spans more than 108 destinations across Colombia, Latin America, and Europe, with operational hubs in Bogotá, Cali, Cartagena, and Medellín. This latest aircraft lease agreement is anticipated to support the airline's regional expansion and sustainability targets by replacing older aircraft with more efficient models.
Overall, the partnership highlights the mutual commitment of both companies to fleet modernisation, operational efficiency, and sustainable aviation growth.
