BOC Aviation to be sold off; Bank of China votes for IPO of aviation leasing unit

Fresh on the back of the BOC Aviation ABS last week; on Friday a board meeting at Bank of China, unanimously voted to list up to 40% of Singapore-based aircraft leasing unit BOC Aviation in a partial IPO on the Hong Kong stock exchange a statement to the Shanghai Stock Exchange confirmed. Some 90% of the offering will be available to international investors with 10% held for Hong Kong domestic investors. BOC will continue to hold the majority holding in the lessor. The funds raised will be used for purchasing new aircraft and supplement working capital. The statement did not