SINGAPORESingapore's commercial aircraft lessor BOC Aviation announced that it has placed an order with the American air manufacturer for 11 Boeing 737 MAX 8 jets.

The new planes will be leased to Canada's Calgary-based ultra-low-cost carrier Lynx Air on a long-term leasing agreement. They will be powered by CFM LEAP-1B engines and are scheduled for delivery in 2023 and 2024.

“We are pleased to be partnering with BOC Aviation for the lease of 11 of our new aircraft,” said Merren McArthur, CEO, Lynx Air.

“The financing of these aircraft is integral to our growth plans as we continue our mission to make air travel accessible to all Canadians. We are looking forward to welcoming Canadians on board these brand-new Boeing 737 MAX airplanes.”Mr. McArthur added.

“We are delighted to welcome Lynx as a new customer and are pleased to support the airline’s plans to serve the Canadian travel market with the most fuel-efficient, technologically advanced aircraft,” said Robert Martin, Managing Director and Chief Executive Officer, BOC Aviation.

“This transaction demonstrates the innovative financing solutions that we provide for our global customer base and reflects our disciplined investment strategy focused on a portfolio of latest technology aircraft,” Mr. Martin added.