BOC Aviation Limited is pleased to announce the delivery of its 200th Boeing airplane. The Next Generation 737-800 aircraft was delivered to Lion Air Group and will be operated by its Malaysian affiliate, Malindo Air, based in Kuala Lumpur. The aircraft will be operated by Malindo to support its network expansion plans in the region including services to Australia. “BOC Aviation had a very successful 2016 and marks another milestone in 2017 with our 200th aircraft delivery … [Read more...] about BOC AVIATION takes delivery of 200th boeing airplane
BOC Aviation
BOC Aviation renews aircraft leasing scheme
BOC Aviation Limited is pleased to announce that it has successfully renewed its Aircraft Leasing Scheme (the “ALS”) for a five-year period to June 2022. The company’s current ALS will expire in June 2017. The ALS is an incentive scheme under which income derived from aircraft leasing operations is taxed at a concessionary tax rate, rather than the prevailing corporate tax rate in Singapore of 17 percent. Under the ALS, BOC Aviation is also eligible to apply for certain … [Read more...] about BOC Aviation renews aircraft leasing scheme
BOC Aviation opens new subsidiary in Tianjin
BOC Aviation has officially opened its latest subsidiary, BOC Aviation Leasing (Tianjin) Ltd, located within the Dongjiang Free Trade Port Zone in Tianjin, China. To mark the opening of this new subsidiary, Chen Siqing, president and vice chairman of Bank of China, and Cui Jindu, member of Standing Committee of the Communist Party of China Tianjin Committee and vice mayor of Tianjin, signed a Memorandum of Cooperation. "As BOC Aviation focuses on the next stage of its growth, in order to … [Read more...] about BOC Aviation opens new subsidiary in Tianjin
BOC Aviation buys 82 aircrafts from Boeing
BOC Aviation ordered 50 737 MAX 8s, 30 next-generation 737-800s and two 777-300ERs (extended range) from Boeing. The order, valued at US$8.8 billion at list prices, is the largest in BOC Aviation's 20-year history. "Following the successful placement of the 50 next-generation 737 aircraft that we ordered in 2006, this is a continuation of our commitment to be responsive to airline customers which are expanding or replacing older fleets," said Robert Martin, managing director and chief … [Read more...] about BOC Aviation buys 82 aircrafts from Boeing
Cathay signs leaseback deal for six B777s
Cathay Pacific has signed an agreement with aircraft leasing company BOC Aviation for the sale and leaseback of six of the 19 Boeing 777-300ER aircraft it has on order. CEO Tony Tyler said the move was consistent with the airline's "cash-preservation" strategy saying Cathay had no intention of cancelling aircraft orders. … [Read more...] about Cathay signs leaseback deal for six B777s
CHINA: BOC Aviation goes bargain hunting
BOC Aviation, the aircraft leasing arm of the Bank of China has said it has taken advantage of the economic downturn to expand its fleet, the South China Morning Post reported. BOC Aviation chief executive Robert Martin said the company has bought 40 planes since December, and had plans to invest US$10 billion in aircraft by 2012 to increase its fleet size to 196 from the current 96. Martin said the company would pursue further purchases in the third quarter, when an expected fall in industry … [Read more...] about CHINA: BOC Aviation goes bargain hunting