BOC Aviation and Air China enter into purchase-and-leaseback arrangement for five new aircraft

Eleanor Steed
By Eleanor Steed October 4, 2016 11:41

BOC Aviation and Air China enter into purchase-and-leaseback arrangement for five new aircraft

BOC Aviation has entered into a purchase-and-leaseback arrangement with Air China for five aircraft, comprising three Boeing 777-300ER aircraft and two Airbus A330-300 aircraft, all scheduled for delivery new from the manufacturer in the fourth quarter of 2016.

“We are pleased to support Air China in its fleet growth and expansion plans in this transaction, which adds popular, in-demand aircraft on long-term leases to our portfolio,” said Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation. “This transaction also represents incremental capital expenditure in 2016, and we continue to focus on disciplined investing to grow our fleet in line with our current strategy.”

Eleanor Steed
By Eleanor Steed October 4, 2016 11:41