BOC AVIATION SIGNS LEASE AGREEMENT WITH JETSMART FOR THREE A320NEO FAMILY AIRCRAFT

Press Release

BOC AVIATION SIGNS LEASE AGREEMENT WITH JETSMART FOR THREE A320NEO FAMILY AIRCRAFT

01 Sep 2025

BOC Aviation Limited ("BOC Aviation" or the "Company") is pleased to announce that it has entered into an agreement with Airbus S.A.S ("Airbus") to purchase three aircraft, comprising two A321NEO and one A320NEO aircraft, and has committed these on long-term leases to South American ultra low-cost carrier JetSMART Airlines SpA ("JetSMART"). All aircraft will be powered by Pratt & Whitney GTF^TM engines and are scheduled for delivery in 2027.

"We are excited to celebrate our third transaction with JetSMART. These fuel-efficient A320NEO family aircraft will enable JetSMART to expand its footprint in the growing Latin America market," said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. "With this agreement, we have demonstrated our ability to provide our customers with financing solutions to support their fleet expansion ambitions at multiple points in their growth trajectory."

"This new agreement with BOC Aviation is aligned with our long-term regional growth strategy, which envisions a fleet of 120 aircraft by 2031. It also reinforces our commitment to operating a modern, fuel-efficient, and environmentally responsible fleet across South America. We are pleased to continue strengthening long-term partnerships with leading lessors like BOC Aviation, who share our vision and support us with key milestones of our expansion. The addition of these two A321NEO and one A320NEO aircraft brings us closer to our goal of carrying 100 million passengers by 2028," said Estuardo Ortiz, Chief Executive Officer and Founder of JetSMART.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a portfolio of 834 aircraft and engines owned, managed and on order. Its owned and managed fleet was leased to 92 airlines in 45 countries and regions worldwide as at 30 June 2025. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin. For more information, visit https://www.bocaviation.com.

About JetSMART

JetSMART Airlines is the largest and fastest-growing ultra low-cost carrier (ULCC) in South America, offering affordable fares and expanding regional connectivity. Founded in 2016, it operates over 80 routes across Chile, Argentina, Peru, Colombia, Brazil, Uruguay, Paraguay, Ecuador and Dominican Republic with a modern fleet of 49 Airbus A320 and A321 aircraft. JetSMART's low-cost model has made air travel accessible to millions and connects secondary cities while reducing prices in every market it enters. Backed by Indigo Partners and American Airlines, the airline plans to operate more than 120 aircraft by 2031. Recognized for operational excellence, JetSMART won SKYTRAX Best Low-Cost Airline in South America in 2021, 2023, and 2025. Its partnership with American Airlines also allows passengers to earn AAdvantage miles.

For more information, visit https://www.jetsmart.com

*******

For more information, please contact: Timothy ROSS Tel: +65 6325 9878 Mobile: +65 9837 9873 [email protected] https://www.bocaviation.com