On September 25, BOC Aviation, a wholly owned subsidiary of Bank of China, entered into a contract with Airbus, ordering 25 Airbus A320 family aircrafts, which are expected to be delivered between 2015 and the end of 2019. The signing ceremony was attended by Chairman of BOC, Tian Guoli, and Executive Vice President of BOC, Li Zaohang, General Manager and CEO of BOC Aviation, Robert Martin, Airbus President and CEO of Airbus, Fabrice Bregier, and Chief Operating Officer of Airbus, John Leahy.
By now, BOC Aviation has ordered 212 aircrafts from Airbus in total, of which 125 have been delivered to 41 airlines and 11 have had their lessees. What’s more, BOC Aviation has bought 39 Airbus aircrafts by carrying out leaseback business with airlines.
Executive Vice President of BOC Li Zaohang said at the signing ceremony, “Bank of China Group and Airbus are clients of each other and work for mutual benefit. We not only cooperate in purchase and sale of the aircraft, but also conduct in-depth cooperation in commercial banking.”
Airbus President and CEO Fabrice Bregier said that BOC and Airbus had established a close partnership, and had made great progress this year. The common goals of the BOC and Airbus will provide efficient aircraft solutions for international aviation industry.
BOC Aviation General Manager and CEO Robert Martin and Airbus Chief Operating Officer John Leahy signed the order agreement on behalf of the respective party.
BOC Aviation is a wholly-owned subsidiary of Bank of China and headquartered in Singapore. As a leading aircraft leasing company in Asia, BOC Aviation has delivered 229 new aircrafts for 55 airlines worldwide, and can offer a wide range of services for airlines and aircraft investors, including direct operating leases, leaseback and third-party assets management.
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