BOC Aviation Ltd. BCVVF has signed agreements to accumulate 50 Boeing Co. BA 737-8 jets and 70 Airbus SE EADSF A320neo plane, the Singapore-based leasing agency stated Monday.
The monetary phrases weren’t disclosed. The deal underscores continued demand for narrowbody plane amid rising world journey demand and fleet modernization efforts.
BOC Aviation, initially wholly owned by Financial institution of China, has a 30% stake listed on the Hong Kong Inventory Trade. Sky Splendor, a Financial institution of China subsidiary, holds the remaining 70%, in accordance to Centre for Aviation information.
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