BOC Aviation
BOC Aviation is a leading global aircraft leasing company with a fleet of modern aircraft flying with more than 50 airlines worldwide. It has been assigned investment grade long-term corporate credit ratings of A- from Fitch Ratings and A- from Standard and Poor’s. It was founded as Singapore Aircraft Leasing Enterprise or SALE.
The BOC Aviation portfolio is one of the youngest in the leasing business with an average owned aircraft age of under four years. The fleet is primarily based on the popular Airbus A320 family and Boeing Next Generation 737 series as well as select widebody types, such as the Airbus A330 and Boeing 777. Besides direct orders with manufacturers, BOC Aviation also grows its fleet via purchase and leasebacks with airlines.
BOC Aviation offers a wide range of lease management and aircraft finance services, both directly and through its parent company Bank of China. For airlines seeking to finance their own aircraft purchases, BOC Aviation is able to arrange competitive debt facilities through Bank of China. This service can be provided on a standalone basis or as part of a wider package combining debt with operating leases.
BOC Aviation is headquartered in Singapore, with regional offices in Dublin (Ireland), London (UK), Seattle (USA) and Tianjin (China). The Company is owned by Bank of China.
Source:[1]
History
SALE was jointly owned by four shareholders:
- Singapore Airlines (35.5%)
- WestLB (35.5%)
- GIC (14.5%)
- Temasek Holdings (14.5%)
On 15 December 2006,[2] Bank of China bought out all four companies' shares for US$965 million.[3][4][5] Thus, to reflect the change in ownership, the company was renamed BOC Aviation on 2 July 2007.[6]
References
- ↑ BOC Aviation corporate website
- ↑ "SALE Acquired by Bank of China (Dec 2006 press release) "
- ↑ "International briefing". Flightglobal. 20 December 2006. Archived from the original on 14 June 2014.
- ↑ SALE Wins Deal of the Year Award
- ↑ "中 國 銀 行 收 購 新 加 坡 飛 機 租 賃 公 司". 2006-12-15.
- ↑ BOC Aviation - A New Name in the Industry
External links
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