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Saturday, December 1, 2012

BOC Aviation, GOL ink sale/leaseback deal on eight Boeing 737-800s

BOC Aviation, a Bank of China subsidiary, has signed an agreement with Brazil’s GOL to purchase and leaseback eight new Boeing 737-800s.
The aircraft are scheduled to be delivered starting early next year with the eighth 737-800 arriving in the 2014 third quarter. GOL last month inked a similar sale and leaseback agreement on four 737-800s with GE Capital Aviation Services.
BOC noted it has committed $1.5 billion over the last several months to new purchase and leaseback transactions.
According to BOC, it now has a portfolio of 203 owned and managed aircraft with another 54 on firm order and 24 on committed purchase and leaseback deals.

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