50 SKY SHADES - World aviation news

Air China builds bridge with BOC Aviation in jet sale and lease deal

Download: Printable PDF Date: 04 Oct 2016 14:21 categories:
Publisher:
Air China builds bridge with BOC Aviation in jet sale and lease deal - Finance publisher
Krista Kuznecova
Country: China Aircraft: Airplanes
Source: The National

The aircraft lessor BOC Aviation said on Monday it would buy five new planes from Air China, worth a combined US$1.5 billion at list prices, and would lease them back to the carrier.

Asia’s second-biggest aircraft lessor, with a fleet of more than 260 planes, said it would buy three new Boeing B777-300ERs and two new Airbus A330-300 aircraft.

The company expects to take delivery of the aircraft before the end of 2016.

An expanding air travel market in Asia has helped many regional airlines improve their financial performance which in turn is fuelling growth in the leasing sector, BOC Aviation chief executive Robert Martin said in August.

See original image



Loading comments for Air China builds bridge with BOC Aviation in jet sale and lease deal...


Recommended

Peruvian Government: “Satellite investment recovered after first year of operations”

PerúSAT-1 has delivered more than 71,000 images for more than 80 organisations PerúSAT-1 has completed its first year of operation and the Peruvian government has recently declared th...

Boeing Forecasts Stable Growth and Funding Diversification for Aircraft Financing in 2018

Approximately $139 billion in new aircraft funding needed in 2018, up $17 billion from 2017 Innovations in aircraft finance bolster customer choices in a healthy financing market Boeing ant...

Embraer Selects Authorized Service Center for Executive Jets in Argentina

Embraer announced the selection of Aero Baires as its first authorized service center for Executive Jets in Argentina. Based at Aeródromo de San Fernando, in Buenos Aires, the center was certif...

airBalticTraining Pilot Academy Opens Application Process

The Latvian airline airBaltic today, on December 11, 2017, opens application process for candidates to the airline’s newly established Pilot Academy at airBalticTraining. Persons selected will b...