BOC Aviation supplies A350-1000 aircraft to Philippine Airlines

BOC Aviation, Asia’s largest aircraft operating lessor, has signed a purchase and leaseback agreement to provide two Airbus A350-1000 aircraft to Philippine Airlines (PAL) under long-term operating leases.

The initial aircraft is scheduled to join the PAL fleet in December 2025. These aircraft, powered by Rolls-Royce Trent XWB engines, are BOC Aviation’s first deliveries of the A350-1000 type and mark a major step in PAL’s long-haul capability expansion.

Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation, welcomed the partnership, stating, “The transaction highlights the company’s commitment to supporting the aviation industry with the latest-technology aircraft. As the largest aircraft operating lessor headquartered in Asia, BOC Aviation’s strong financial position and substantial orderbook enable it to provide capital and capacity to airlines seeking to grow and modernise their fleets.”

Richard Nuttall, President of PAL, said, “The addition of the Airbus A350-1000 to our fleet marks a pivotal step in Philippine Airlines’ ongoing fleet modernisation programme. 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. Our partnership with BOC Aviation reinforces our strategy to enhance our global competitiveness while supporting the sustainable growth of our network.”

PAL, the Philippines’ national flag carrier and the country’s only full-service network airline, operates a mixed fleet of Boeing, Airbus, and De Havilland aircraft from hubs in Manila, Cebu, Clark, and Davao. The airline provides scheduled services to 31 domestic destinations and 39 international points across Asia, North America, Australia, and the Middle East.

Explore how BOC Aviation’s first A350-1000 deliveries strengthen Philippine Airlines’ long-haul network and fleet efficiency in the full story.