BOC Aviation Unit to Buy 13 Boeing Aircraft
March 21 2017 - 6:02AM
Dow Jones News
By Chester Yung
HONG KONG--BOC Aviation Ltd. (2588.HK) said Tuesday its unit has
agreed to buy 13 Boeing 737 MAX8 aircraft from Boeing Co. (BA),
saying the deal is in line with the firm's growth strategy
including investment in modern aircraft.
The aircraft operating-leasing company said the current list
price of the aircraft totaled US$1.43 billion. But it added there
is a significant difference between the list price and the actual
purchase price of the aircraft. The acquisition will be funded by
cash on hand, the proceeds of loans or other borrowings by the
company, it said.
Write to Chester Yung at chester.yung@wsj.com
(END) Dow Jones Newswires
March 21, 2017 06:47 ET (10:47 GMT)
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