BOC Aviation has entered into a second purchase and leaseback (PLB) transaction with Southwest Airlines, less than four months after signing the first deal for 10 aircraft in December 2008.
The transaction comprises six Boeing 737-700s on lease for an average period of 14 years. The first tranche of three aircraft closed on 2 April, and the second tranche is expected to close in the second quarter of 2009, subject to documentation and customary closing conditions, when the last aircraft is delivered from Boeing’s facility in Seattle.
“With a strong financial position and counter-cyclical strategy, we are actively growing our fleet amidst the global economic downturn,” said Steven Townend, chief commercial officer and deputy managing director of BOC Aviation. “Southwest is one of the world’s leading low-cost carriers and we are delighted to have the opportunity to work with this airline again.”
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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