Aircraft Orders & Deliveries
BOC Aviation and Loong Air Confirm Three Airbus A320NEO Aircraft Deal
BOC Aviation agrees to lease three Airbus A320NEO aircraft to Loong Air, highlighting fleet modernization and growth in China’s aviation sector.

BOC Aviation and Loong Air Solidify Partnership with Three-Aircraft Deal
In a significant move for the Chinese aviation sector, global aircraft leasing giant BOC Aviation has finalized an agreement with Zhejiang Loong Airlines for three new Airbus A320NEO aircraft. This transaction underscores a broader industry trend towards fleet modernization, emphasizing fuel efficiency and technological advancement. As air travel continues its robust recovery, particularly in the Asia-Pacific region, deals like this signal confidence in sustained growth and the strategic importance of equipping airlines with next-generation assets. The partnership not only enhances Loong Air’s operational capabilities but also strengthens BOC Aviation’s already substantial footprint in one of the world’s most dynamic aviation markets.
The agreement, announced on October 28, 2025, involves three aircraft from BOC Aviation’s existing order book, slated for delivery in 2027. This arrangement allows Loong Air to expand its fleet with state-of-the-art equipment without the immediate capital outlay required for a direct purchase. For BOC Aviation, a member of the Bank of China Group, it represents a continuation of its strategy to place high-demand, fuel-efficient aircraft with growing carriers. The choice of the Airbus A320NEO, a market leader in the single-aisle category, reflects a shared commitment to operational efficiency and reduced environmental impact, aligning with global aviation goals.
The Players: A Global Lessor and a Regional Powerhouse
BOC Aviation stands as a formidable force in the aircraft leasing industry. Headquartered in Singapore and listed on the Hong Kong Stock Exchange, the company boasts a massive portfolio. As of June 30, 2025, its owned, managed, and on-order fleet comprised 834 aircraft and engines, serving 92 airlines across 45 countries and regions. The company’s business model is centered on maintaining a young, modern, and fuel-efficient fleet, often selling aircraft at their “midlife” to ensure its portfolio remains technologically current. This latest placement with Loong Air is a testament to its ongoing strategy of supporting airline growth through flexible and efficient fleet solutions.
Zhejiang Loong Airlines, founded in 2011, holds a unique position as the only local airline in Zhejiang Province providing both passenger and cargo services. Operating from its base at Hangzhou Xiaoshan International Airport, Loong Air has seen impressive growth since launching passenger services in December 2013. Its fleet has expanded to 74 aircraft, serving over 140 regional and international routes. This agreement to add three A320NEOs is a clear step towards further modernization and expansion, enabling the airline to enhance its service offerings and compete more effectively in the bustling Chinese market.
“We are proud to continue expanding our presence in China through this transaction with Loong Air, which will add three more technologically advanced and fuel-efficient Airbus A320NEO into its fleet.” – Steven Townend, CEO and Managing Director, BOC Aviation.
The Aircraft: Why the Airbus A320NEO is in High Demand
The centerpiece of this deal is the Airbus A320NEO (New Engine Option). This aircraft is not just an incremental update to the original A320; it represents a significant leap forward in efficiency and performance. The A320NEO family has captured approximately 60% of the market share for single-aisle aircraft, a testament to its popularity among airlines worldwide. Its success is built on a foundation of proven reliability combined with cutting-edge innovation, making it a preferred choice for carriers focused on optimizing their operations.
The primary driver of the A320NEO’s appeal is its remarkable fuel efficiency. The aircraft delivers a 15-20% reduction in fuel consumption compared to previous-generation models. This is achieved through two key innovations: new-generation engines and Airbus’s signature “Sharklet” wingtip devices. For this specific deal, the aircraft will be powered by CFM LEAP-1A engines, which are renowned for their performance and reliability. This efficiency translates directly into lower operating costs for airlines and a significantly reduced environmental footprint, with lower CO2 emissions and a quieter noise profile.
Beyond the operational benefits, the A320NEO also offers an enhanced passenger experience. It features the Airbus “Airspace” cabin, which is designed for greater comfort with wider seats, larger overhead storage bins, and modern aesthetics. As of September 2025, the demand for this aircraft family remains incredibly strong, with over 11,000 orders from more than 130 customers globally. This sustained demand highlights the A320NEO’s role as a cornerstone of modern airline fleets.
“The signing of this agreement marks another solid step forward in the strategic cooperation between BOC Aviation and Loong Air.” – Liu Qihong, Chairman of Loong Air.
Conclusion: A Strategic Step Forward for Asian Aviation
The lease agreement between BOC Aviation and Loong Air is more than a simple transaction; it is a reflection of key trends shaping the modern aviation landscape. It highlights the strategic push by airlines to modernize their fleets with more efficient and environmentally friendly aircraft. For Loong Air, this deal provides a clear path to enhancing its competitive edge with a technologically advanced fleet, allowing it to better serve its growing network from the tech hub of Hangzhou. For BOC Aviation, it reinforces its position as a leading lessor in the critical Chinese market and demonstrates its commitment to providing airlines with the assets they need to succeed.
Looking ahead, this partnership signifies continued confidence in the growth of the Asia-Pacific aviation sector. The choice of the A320NEO underscores an industry-wide pivot towards sustainability and operational efficiency. As Loong Air integrates these new aircraft in 2027, it will be better positioned to meet rising passenger demand while managing costs and environmental responsibilities. This deal serves as a microcosm of the broader symbiotic relationship between lessors and airlines, a partnership that will continue to drive innovation and growth in the skies for years to come.
FAQ
Question: Who are the main parties involved in this agreement?
Answer: The agreement is between BOC Aviation, a global aircraft operating leasing company, and Zhejiang Loong Airlines (Loong Air), a carrier based in Hangzhou, China.
Question: What aircraft are included in the deal?
Answer: The lease is for three new Airbus A320NEO aircraft, which will be powered by CFM LEAP-1A engines.
Question: When will the aircraft be delivered?
Answer: All three aircraft are scheduled for delivery to Loong Air in 2027.
Question: What is the significance of the Airbus A320NEO?
Answer: The A320NEO is a highly popular single-aisle aircraft known for its fuel efficiency, offering a 15-20% improvement over previous models. This reduces operating costs and lowers emissions, making it a top choice for airlines modernizing their fleets.
Sources: BOC Aviation
Photo Credit: Gyrostat – Wikimedia, CC-BY-SA 4.0
Aircraft Orders & Deliveries
Luxair Orders Boeing 737-10 Jets at Farnborough 2026
Luxair converts 737-10 options to firm orders at Farnborough 2026, reaching 12 total 737 family aircraft on order.

Luxair has expanded its narrowbody fleet commitment by converting two options for the Boeing 737-10 into firm orders and securing two additional options during the 2026 Farnborough International Airshow.
The July 21, 2026, announcement by The Boeing Company brings the Luxembourg flag carrier’s total firm order book for the 737 family to 12 aircraft. The agreement supports Luxair’s long-term fleet modernization strategy, which focuses on increasing passenger capacity while reducing the airline’s environmental footprint.
Fleet expansion and aircraft specifications
Once all deliveries are completed, Luxair’s Boeing 737 fleet will consist of eight Boeing 737-8s and four Boeing 737-10s. The airline placed its initial order for two 737-10 aircraft in 2024 and is now moving to integrate the new-generation narrowbodies into a network that serves more than 100 destinations across Europe and beyond.
Luxair has selected a 213-seat configuration for its Boeing 737-10 aircraft. The cabin will feature the Boeing Sky Interior with redesigned seats offering a 76 cm pitch. The 737-10 is the largest model in the MAX family, capable of carrying up to 230 passengers in a maximum high-density configuration, with a range of 3,100 nautical miles (5,740 km).
“This agreement represents another important milestone in the execution of our long-term fleet strategy,” said Gilles Feith, Chief Executive Officer of Luxair. “As we continue to grow, delivering an outstanding passenger experience remains at the heart of every fleet decision we make. The Boeing 737-10 provides the additional capacity, operational efficiency and flexibility we need to support future demand while maintaining the high standards of quality, comfort and service our customers expect from Luxair.”
Environmental and operational targets
The integration of the Boeing 737-10 is central to Luxair’s sustainability initiatives. Powered by CFM International LEAP-1B engines, the new aircraft deliver a 20 percent reduction in fuel use and emissions compared to the older generation aircraft they will replace. According to Boeing, each new-generation 737 saves an average of 8 million pounds of carbon dioxide emissions annually.
The operational efficiency of the new fleet is designed to support Luxair’s growth trajectory following a strong performance in 2025, during which the airline transported 2.6 million passengers.
“Both the 737-8 and 737-10 are perfectly suited across Luxair’s network, increasing capacity on to its regional routes, comfortably serving more passengers on more routes with the lowest cost per seat of any single-aisle airplane,” said Ricardo Cavero, Vice President of Europe and Israel Commercial Sales and Marketing for The Boeing Company. “With the selection of the 737-8 and 737-10, Luxair is building a more profitable and sustainable operation.”
AirPro News analysis
Luxair’s decision to convert options into firm orders at the Farnborough International Airshow signals strong confidence in the Boeing 737-10 as the cornerstone of its high-density European routes. By standardizing its future narrowbody growth around the 737-8 and 737-10, we see Luxair prioritizing fleet commonality, which traditionally lowers maintenance and crew training costs. The retention of two new purchase rights also provides the carrier with a low-risk mechanism to secure future delivery slots in a constrained global supply chain environment.
Sources: The Boeing Company
Photo Credit: Boeing
Aircraft Orders & Deliveries
Riyadh Air Orders 31 A350-1000s and 67 Boeing 787s
Riyadh Air firms up A350-1000 and 787 Dreamliner orders at Farnborough 2026, targeting 100 global destinations by 2030.

Saudi Arabian startup carrier Riyadh Air (RX) has expanded its future widebody fleet by firming up an order for six additional Airbus A350-1000 aircraft at the Farnborough International Airshow on July 20, 2026. The agreement exercises purchase rights from a 2025 commitment for up to 50 airframes, bringing the airline’s total firm backlog for the European manufacturer’s largest twin-engine jet to 31 aircraft.
In a press release issued during the airshow, Airbus confirmed the transaction and noted that Riyadh Air will become the first operator of the A350-1000 in Saudi Arabia. The acquisition aligns with the carrier’s mandate to support the national Vision 2030 strategy, which targets serving more than 100 global destinations by the end of the decade.
Expanding the Airbus widebody footprint
The Airbus A350-1000 offers a maximum non-stop range of 9,700 nautical miles (18,000 kilometers), providing the operational capability required for Riyadh Air’s planned ultra-long-haul services. Airbus states the aircraft delivers a 25 percent advantage in fuel burn, operating costs, and carbon emissions compared to previous-generation widebody aircraft.
Riyadh Air Chief Financial Officer Adam Boukadida stated that the finalized order reflects continued confidence in the airline’s growth trajectory and the broader Saudi aviation sector.
“Increasing our A350-1000 commitment to 31 aircraft strengthens the foundation of our future network and supports our ambition to serve more than 100 global destinations by 2030 while delivering a premium guest experience,” Boukadida said.
Airbus Executive Vice President of Sales for Commercial-Aircraft Benoît de Saint-Exupéry added that the commitment highlights the aircraft’s efficiency and range. He noted the A350-1000 will play a central role in positioning Saudi Arabia as a leading international aviation hub. As of the end of June 2026, Airbus had recorded 1,595 firm Orders for the A350 family from 68 customers worldwide.
Concurrent Boeing 787 Dreamliner expansion
The Airbus finalization occurred alongside a separate widebody order placed with The Boeing Company. According to reporting by Al Arabiya, Riyadh Air also confirmed an order for 28 additional Boeing 787 Dreamliner aircraft at the Farnborough event on July 20.
This separate agreement introduces the Boeing 787-10 variant to the carrier’s fleet. Following the announcement, Riyadh Air’s total firm commitment for the Dreamliner family stands at 67 aircraft.
Riyadh Air Chief Executive Officer Tony Douglas told Al Arabiya that the introduction of the 787-10 and the expanded Dreamliner backlog marks another significant milestone in the airline’s journey toward its 2030 network goals. The carrier recently opened ticket sales for its initial overseas routes as it prepares for the launch of commercial operations.
AirPro News analysis
We view Riyadh Air’s dual widebody orders at Farnborough as a clear signal of the carrier’s aggressive timeline and robust capital backing. By splitting its high-capacity, long-haul requirements between the Airbus A350-1000 and the Boeing 787-10, the airline mitigates delivery risk in an era of constrained aerospace supply chains. Securing 31 firm A350-1000s and 67 Boeing 787s provides the necessary metal to rapidly scale a global network from scratch. However, the operational complexity of inducting two distinct widebody types simultaneously will require substantial training, tooling, and maintenance infrastructure investments prior to the Launch of commercial flights.
Sources: Airbus
Photo Credit: Airbus
Aircraft Orders & Deliveries
SMBC Aviation Capital Orders 200 Aircraft at Farnborough 2026
SMBC Aviation Capital placed firm orders for 100 A320neo family and 100 Boeing 737 MAX jets at Farnborough Airshow 2026.

Aircraft lessor SMBC Aviation Capital secured a massive dual-manufacturer commitment at the Farnborough International Airshow on July 20, 2026, placing firm orders for 100 Airbus A320neo family aircraft and 100 Boeing 737 MAX jets.
The 200-aircraft acquisition guarantees the lessor a steady stream of narrowbody deliveries into the mid-2030s. This strategic move comes as the broader aviation industry continues to grapple with persistent supply-chain bottlenecks that have constrained production rates at both major airframers.
Airbus narrowbody commitments
In a press release issued during the airshow, Airbus confirmed the firm order consists of 65 Airbus A321neo and 35 Airbus A320neo aircraft. The agreement pushes the total number of direct Airbus commitments from SMBC Aviation Capital and its parent company, Sumitomo Corporation, past 900 aircraft.
Airbus Executive Vice President of Sales for Commercial Aircraft Benoît de Saint-Exupéry highlighted the long-standing relationship between the manufacturer and the lessor.
“We are honoured to stand with SMBC Aviation Capital as they place this order for additional A320neo family aircraft, the world’s most leased and most traded aircraft making it the benchmark for airlines, lessors and investors alike,” de Saint-Exupéry stated.
Boeing 737 MAX and CFM engine agreements
Concurrently, SMBC Aviation Capital announced a matching commitment with Boeing for 100 narrowbody aircraft. The lessor’s official statement detailed a split of 60 Boeing 737 MAX 10 and 40 Boeing 737 MAX 8 jets.
To power the newly ordered Airbus fleet, SMBC Aviation Capital also secured an agreement for up to 90 CFM International LEAP-1A engines.
SMBC Aviation Capital Chief Executive Officer Peter Barrett emphasized the necessity of securing long-term availability for the company’s airline clients.
“This significant new order will give our airline customers access to a continuous delivery pipeline of the latest technology A320neo family aircraft into the mid-2030s,” Barrett said.
He added that the order reflects the lessor’s confidence in the sustained demand for the A320neo family. Deliveries for the newly ordered Airbus aircraft are expected to commence in the first half of the 2030s.
AirPro News analysis
We view SMBC Aviation Capital’s balanced 200-aircraft acquisition as a direct response to the current manufacturing environment. By splitting the order evenly between the Airbus A320neo family and the Boeing 737 MAX, the lessor is effectively hedging its delivery risks. Industry reporting from the 2026 Farnborough International Airshow indicates that total dealmaking may fall short of the ambitious 800-aircraft expectations held by some analysts, largely due to ongoing production bottlenecks at both Airbus and Boeing.
In an environment where near-term delivery slots are virtually nonexistent, securing a pipeline that stretches into the mid-2030s is critical for major lessors. Airline customers are increasingly reliant on lessors to provide capacity growth and fleet renewal options when direct manufacturer orders face multi-year backlogs. The inclusion of 60 Boeing 737 MAX 10s and 65 Airbus A321neos also underscores a continued market shift toward the largest variants of both narrowbody families, maximizing seat capacity in slot-constrained airports.
Sources: Airbus
Photo Credit: Airbus
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