BOC Aviation signed a purchase-and-leaseback agreement with Qatar Airways for three new Airbus A350 twin-aisle aircraft powered by Rolls Royce Trent XWB engines.

The three transactions are expected to close in the third quarter of 2019.

“Our relationship with Qatar Airways dates back 20 years to 1999, and we are very pleased to partner with our largest customer once again to support their fleet and network expansion plans,” said Robert Martin, BOC managing director and CEO. “This addition to our portfolio of popular, in-demand aircraft on long-term leases to strong airline customers is in line with our strategy of growing our fleet through disciplined investment. We look forward to building on our long-standing relationship with Qatar Airways.”

BOC Aviation is a global aircraft operating leasing company with a fleet of 499 aircraft owned, managed and on order. Its owned and managed fleet was leased to 92 airlines worldwide in 40 countries and regions as at June 30, 2019.