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Icelandair Boeing 737 MAX 8 aircraft takes off from Boeing Field, Seattle (photo: Boeing)

Icelandair takes on new aircraft type

The delivery from Singapore-based leasing company BOC Aviation comes as Icelandair seeks to renew its ageing fleet.

Singapore-based leasing company BOC Aviation says it has delivered its first Boeing 737 MAX 9 aircraft to its newest customer, Icelandair.

In 2019, Icelandair will operate an all-Boeing fleet of 36 aircraft, with orders for 13 Boeing 737 MAX family aircraft of which six will be delivered this year.

BOC Aviation is a global leasing company and the largest headquartered in Asia as measured by the value of its aircraft owned. Besides its base in Singapore it also has offices in Dublin, London, New York and Tianjin.

Formerly known as Singapore Aircraft Leasing Enterprise, BOC is an abbreviation for Bank of China, which bought the company in December 2006.

Fleet renewal
The latest delivery, which is be powered by CFM LEAP-1B engines, comes as Icelandair seeks to renew and expand its fleet and enhance its transatlantic operations.

It is seeking to replace its aging Boeing 757s and is reported to be looking at new planes from Airbus as well as Boeing, the Icelandic media Morgunblaðið writes.

Currently the fleet consists of 25 Boeing 757-200, two Boeing 757-300, four Boeing 767-300ER, four Boeing 737 MAX 8 and one Boeing 737 MAX 9.

“Following the successful induction of the Boeing MAX 8 into our fleet last year, we are delighted to add the first of our MAX 9 aircraft and assist Icelandair with its expansion and re-fleeting programme,” said BOC Aviation’s Steven Townend.

“With our focus on investing in the latest technology jets, we remain committed to providing our customers with aircraft that feature the most innovative and fuel-efficient solutions.”

Bogi Nils Bogason, chief executive of Icelandair Group, added: “We are very pleased to team up with BOC Aviation for the financing of our first 737 MAX 9 aircraft delivered from Boeing. We are confident that the outstanding economics of the aircraft will help us with the continued expansion of Icelandair‘s route network.”

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