BOC Aviation and Air China Enter into Purchase-and-Leaseback Arrangement

Published on : Monday, October 3, 2016

BOC-aviationBOC Aviation Limited (“BOC Aviation” or “the Company”) is pleased to announce that it has entered into a purchase-and-leaseback arrangement with Air China for five aircraft, omprising three Boeing 777-300ER aircraft and two Airbus A330-300 aircraft, all scheduled for delivery new from the manufacturer in the fourth quarter of 2016.

“We are pleased to support Air China in its fleet growth and expansion plans in this transaction, which adds popular, in-demand aircraft on long-term leases to our portfolio,”
aid Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation. “This
transaction also represents incremental capital expenditure in 2016, and we continue to
focus on disciplined investing to grow our fleet in line with our current strategy.”

Air China Limited, a joint stock limited company incorporated in the People’s Republic of
China with limited liability, has H shares listed on the Hong Kong Stock Exchange as its
primary listing venue and on the Official List of the UK Listing Authority as its secondary
listing venue, and also has A shares listed on the Shanghai Stock Exchange. Its principal
business is the operation of scheduled airline services.


Source:- BOC Aviation

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