Wedoany.com Report-Dec.5, BOC Aviation has signed purchase-and-leaseback agreements for two Airbus A350-1000 aircraft with Philippine Airlines (PAL). The long-term operating leases cover aircraft powered by Rolls-Royce Trent XWB engines, with the first delivery scheduled for December 2025.

"We are delighted to welcome PAL as a new customer. This is our first A350-1000 delivery and underscores our commitment to supporting the industry's development with latest-technology aircraft," said Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation.

Richard Nuttall, President of Philippine Airlines, commented: "The addition of the Airbus A350-1000 to our fleet marks a pivotal step in Philippine Airlines' ongoing fleet modernisation program. This investment not only aligns with our commitment to operating one of the youngest and most fuel-efficient fleets in the region, but also ensures we can deliver world-class comfort, reliability, and efficiency to our passengers."

Azorra completes first transaction with Xiamen Airlease

Azorra has sold two Airbus A330-300 aircraft (MSN 1432 and 1579), manufactured in 2013 and 2014 and equipped with Rolls-Royce Trent 700 engines, to China-based Xiamen Aircraft Leasing. Both aircraft remain on lease to Sichuan Airlines.

“We are proud to complete our first transaction with Xiamen Airlease and to deepen our relationships with key trading partners across the Asia-Pacific region,” said John Evans, Chief Executive Officer of Azorra.

Edward Chen, Chief Executive Officer of Xiamen Airlease, added: "We are honored to establish cooperation with Azorra. Through close communication and trusted collaboration between the two teams, we have successfully completed the delivery process of these two A330-300 aircraft. We look forward to building a long-term and stable strategic partnership with Azorra in the future."

Avolon prices US$850 million senior unsecured notes

Avolon announced that its wholly-owned subsidiary, Avolon Holdings Funding Limited, has priced a private offering of US$850 million 4.700% senior unsecured notes due 2031. The notes will be fully guaranteed by Avolon and certain subsidiaries, with closing expected on or around 11 December 2025, subject to customary conditions.

Net proceeds will be used for general corporate purposes, which may include repayment of existing indebtedness. The notes are being offered only to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons outside the United States under Regulation S of the U.S. Securities Act of 1933.