BOC Aviation to Buy Five A321-200 Aircraft From Airbus
31 August 2016 - 12:05PM
Dow Jones News
By Chester Yung
HONG KONG--Aircraft-leasing company BOC Aviation Ltd. (2588.HK)
said Wednesday it has agreed to buy five A321-200 planes from
Airbus Group SE (AIR.FR), in a move to boost its pipeline of new
and fuel-efficient jets.
The Singapore-based company, which is majority controlled by
Bank of China Ltd. (3988.HK), said the aircraft carry a list price
of about US$574.5 million in total, though customers typically get
large discounts on the actual purchase price.
The acquisition will be funded by commercial loans and other
debt instruments, the company said, expecting to take delivery of
the aircraft in 2017.
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
August 31, 2016 05:50 ET (09:50 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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