Lion Air, BOC Aviation seal sale-and-leaseback deal
Indonesia’s Lion Air Group and Singapore-based lessor BOC Aviation has struck a sale-and-leaseback deal with for two Boeing 737-800s and two 737-900ERs. The deal was the latest in a series of such agreements between BOC Aviation and Lion Air Group, with the lessor having handled sale-and-leaseback agreements covering more than 20 Boeing 737NGs to fast-expanding budget carrier Lion Air since 2012. Lion is made up five airline brands Lion Air, Batik Air, Wings, Malaysia-based Malindo Air and Thai Lion Air. The group, which has the largest market share in Indonesia, was founded in 2000 with one aircraft and now operates a fleet of 230 aircraft. The Group was the launch customer of the Boeing 737-900ER, will be the first to fly the Boeing 737 MAX 8 and is also the launch customer for the 737 MAX 9.
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Source: The Insiderstories