Bank of China Aviation leasing has reached a purchase-and-lease-back agreement with Philippine Airlines for two Airbus A350-1000 aircraft.

On December 4th, China Bank Aviation Leasing announced that it has reached a purchase-and-lease-back agreement with new customer Philippine Airlines for two Airbus A350-1000 aircraft. The aircraft will be leased long-term to Philippine Airlines through operational leasing. These two planes will be equipped with Rolls-Royce Trent XWB engines, and the first aircraft is expected to be delivered in December 2025.