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Dallas, Texas, U.S., - Thw American budget specialist Southwest Airlines has signed a purchase-and-leaseback agreement with the Singapore-based aircraft leasing company BOC Aviation for ten Boeing 737 Max 8 jets that are powered by CFM International LEAP-1B engines.

“We are delighted to be working with Southwest Airlines once again, building on a long-term relationship that dates back to 2008. This is the sixth major aircraft investment that we have announced this year, which reflects our company’s ability to provide innovative financing solutions for large-volume transactions and our commitment as a global partner to our airline customers,”

said Robert Martin, chief executive at BOC Aviation.

BOC Aviation already has 11 Boeing 737-700s on lease with the Dallas-based carrier. The Asian lessor bought the 737-700s from Southwest in 2009 and leased them back.

BOC Aviation has five 737 Max 8 jets on lease to three airlines. Three aircraft with SpiceJet, one with Smartwings, and one with Corendon Airlines. The lessor also has orders for 61 737 MAX 8, and ten 737 MAX-10. The lessor has no further order for the -9 variant, though there is one -on lease with Icelandair.
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