BOC Aviation has ordered three Boeing 777-300ERs that will be delivered in 2020 to a leasing client.
The lessor disclosed the transaction in a stock exchange statement, but did not identify the client that will lease the aircraft, nor any other terms of the order.
The transaction is valued at $1.08 billion based on list prices, but it is likely that BOC Aviation will pay significantly less as the aircraft will be among the last -300ERs produced as Boeing transitions to the 777X series.
Flight Fleets Analyzer indicates that there are 10 -300ERs due for delivery in 2020, two of which are for Aeroflot Russian Airlines, while the other eight are listed as ordered by unidentified customers.
BOC Aviation manages 20 -300ERs, which are leased to Air Canada, Cathay Pacific, Thai Airways International, Turkish Airlines, Qatar Airways, EVA Air and Air China.