BOC Aviation Pte. Ltd. ("BOC Aviation") announced that it has delivered the first of three Airbus A320-200 aircraft to ANA Holdings which will be operated by its wholly-owned subsidiary, Vanilla Air. This is the first time BOC Aviation has worked with an airline under the ANA umbrella.

BOC Aviation is Asia’s biggest aircraft-leasing company with a portfolio of 270 owned and managed aircraft leased to 62 airlines worldwide in 30 countries, with commitments to acquire 241 aircraft, as of December 31, 2015. Owned by Bank of China, the company is based in Singapore with offices in Dublin, London, Seattle and Tianjin.

Asian leasing companies are boosting fleets as the region is set to overtake the U.S. as the world’s largest market for aircraft in two decades, according to a Bloomberg report.