BOC Aviation orders 30 Airbus jets worth $3 billion

Singapore-based aircraft leasing firm BOC Aviation said Thursday it has ordered 30 Airbus A320s worth more than $3 billion at list prices to meet growing demand. The order, made at the end of December, comprises 18 A320s equipped with new engines and 12 A320s using the current engines. At 2015 catalogue prices, each re-engine A320 costs $106.2 million and a standard A320 is worth $97 million, a total catalogue cost of $3.07 billion. BOC Aviation, owned by Bank of China, is based in Singapore with offices in Dublin, London, Seattle and Tianjin. Last November, the company announced an order of 22 Boeing 737 planes worth $2.27 billion at catalogue prices. The single-aisle A320 and B737 families are popular choices among low-cost carriers, which have expanded rapidly in Southeast Asia.