Bank of China has hired Goldman Sachs and BOC International as joint sponsors for the planned Hong Kong listing of its aviation arm, expected to raise about $3 billion, people with knowledge of the matter said.
Bank of China aims to launch the initial public offering (IPO) of lessor BOC Aviation, based in Singapore, in the second quarter of this year, the people said. The IPO is set to be one of the largest listings in the global aircraft leasing sector.
Morgan Stanley has been hired as joint global co-ordinator for the IPO, the people said, adding the final deal value could change depending on market conditions. The people declined to be identified because the information was not public.
Goldman Sachs and BOC Aviation declined to comment. Bank of China and BOC International, its investment banking unit, declined to comment immediately, while Morgan Stanley was not immediately available to comment.
With a portfolio of about 250 planes, BOC Aviation is Asia's second-largest aircraft lessor after Japanese-owned SMBC Aviation Capital.
Rival CDB Leasing, owned by state-controlled China Development Bank, plans to raise $1 billion in an IPO also expected in the second quarter of 2016, the people said.
Textron Aviation announced that Starlink’s high‑speed internet solution is now available for Hawker 700, 800 and 900 series aircraft, following the Federal Aviation Administration’s a...
Synhelion has entered into a MoU with the Government of Morocco to advance the development of a large‑scale commercial synthetic fuel plant in the country’s southern Tan‑Tan province. The p...
Vista is set to debut its signature hospitality concept, Vista House, in Singapore, elevating one of Asia’s most anticipated sporting weekends with a refined, members‑only experience. Conceived...
Emirates has further strengthened its leadership in cabin innovation with the introduction of the world’s first electrically powered Premium Economy seat, now entering service on the airline&rsq...
