BOC Aviation Signs $500m Five-Year Loan

BOC Aviation has signed a $500m five-year unsecured syndicated term loan facility, the largest ever secured by the lessor.

BOC Aviation has signed a $500m five-year unsecured syndicated term loan facility, the largest ever secured by the lessor.

In a statement released on Monday (November 30), Singapore-headquartered BOC Aviation said the proceeds of the loan will be used for general corporate purposes and the finance was drawn from nine international, regional and local financial institutions.

BOC Aviation currently has a portfolio of 253 owned and managed aircraft operated by 59 airlines worldwide in 29 countries, with commitments to acquire 203 aircraft.

 

TAGS: Asia Pacific
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