Tuesday, February 9, 2010

BOC Aviation Ends 2009 With $5 Billion In Assets


Aviation Daily Feb 04 , 2010 , p. 01
Neelam Mathews

Singapore’s BOC Aviation topped the $5 billion asset mark for the first time at the end of 2009 with 142 aircraft in its portfolio. It has been following a counter-cyclical strategy of expanding via purchase and leasebacks since 2008. Owned by Bank of China, it took delivery of 48 aircraft in 2009, of which 23 were from purchase and leaseback deals. It has 53 aircraft on firm order and six on committed purchase and leasebacks for delivery through to 2013, and has signed agreements with four new customers — Air France, Alaska Airlines, Cathay Pacific and Virgin Blue.

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