BOC Aviation Orders 30 Airbus A320 Jets
07 January 2016 - 1:18PM
Dow Jones News
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)
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