Thursday, March 29, 2018

BOC Aviation to buy six Boeing aircraft worth $1.7 billion

BOC Aviation Ltd said on Thursday it would buy six new Boeing 787-9 aircraft from Boeing worth a combined $1.7 billion at list prices.

Asia's second-biggest aircraft lessor, which had 491 aircraft as of the end of last year, said it expected to take delivery of the aircraft in 2018 and 2019. The deal will be funded through cash on hand, loans and borrowings.

The Singapore-based company, which is majority-owned by Bank of China, this month posted a better-than-expected 40 percent rise in full-year net profit on higher revenue and U.S. tax cuts.

(Donny Kwok - Reuters)

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