BHKLY BOC Hong Kong Holdings Limited (PK)

   By Gaurav Raghuvanshi 
 

SINGAPORE--BOC Aviation Ltd. (2388.HK), the aircraft leasing arm of Bank of China Ltd., said Thursday it has placed an order for 30 A320 jets from Airbus Group SA. (AIR.FR)

The order for the single-aisle jets is valued at over US$3 billion, although customers can often get discounts of up to 30% from manufacturers.

BOC Aviation's order comprises 12 A320 current generation aircraft and 18 Neo, or new-engine option planes.

"This order underscores our continued confidence in the reliability and operational efficiency of the A320 family aircraft, and reflects its popularity among our customers for short- and medium-haul routes," said Robert Martin, chief executive of BOC Aviation.

The order makes BOC Aviation one of the top 10 customers for Airbus. The aircraft leasing firm, which plans to sell shares in an initial public offering this year, owns or manages 270 jets flying with 62 airlines.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

(END) Dow Jones Newswires

January 06, 2016 21:03 ET (02:03 GMT)

BOC Hong Kong (PK) (USOTC:BHKLY)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

BOC Hong Kong (PK) (USOTC:BHKLY)
Historical Stock Chart
Von Jun 2023 bis Jun 2024