BOC AVIATION SIGNS LEASE AGREEMENT WITH PHILIPPINE AIRLINES FOR TWO A350-1000 AIRCRAFT

04 Dec 2025

BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has agreed to purchase and leaseback two Airbus A350-1000 aircraft to new customer Philippine Airlines Inc. (“PAL”) on long-term operating leases. Both aircraft will be powered by Rolls Royce Trent XWB engines, with the first delivery scheduled for December 2025.

“We are delighted to welcome PAL as a new customer. This is our first A350-1000 delivery and underscores our commitment to supporting the industry’s development with latest-technology aircraft,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “As a global aircraft operating lessor, and the largest headquartered in Asia, our financial strength and orderbook allows us to support the growth our airline customers with both capital and capacity.”

“The addition of the Airbus A350-1000 to our fleet marks a pivotal step in Philippine Airlines’ ongoing fleet modernization program,” said Richard Nuttall, President of Philippine Airlines. “This investment not only aligns with our commitment to operating one of the youngest and most fuel-efficient fleets in the region, but also ensures we can deliver world-class comfort, reliability, and efficiency to our passengers. Our partnership with BOC Aviation reinforces our strategy to enhance our global competitiveness while supporting the sustainable growth of our network.”

Source: BOC AVIATION