BOC AVIATION MULLS AIRCRAFT ORDER

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By TESTCustomwebLP TESTCustomwebLP January 26, 2011 15:50

BOC AVIATION MULLS AIRCRAFT ORDER

BOC Aviation, the aircraft-financing unit of Bank of China, is considering ordering more aircraft from Airbus and Boeing this year.

Robert Martin, CEO, said the lessor was aiming to increase its assets to between $7.5 and $8 billion by the end of 2011.

“We could easily do $1 billion worth of ‘purchase and lease back’ business this year if the opportunities are available,” he said. “We will also this year review our own orders for the years 2012 to 2016. We want to have a pipeline of aircraft coming into our portfolio and we will engage in some discussions with manufacturers over that issue.”

Martin also said that it is seeing increased market demand for new, leased aircraft.

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By TESTCustomwebLP TESTCustomwebLP January 26, 2011 15:50
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