BOC Aviation Agrees To Sell 24 Aircraft

Lessor BOC Aviation has signed an agreement to sell 24 aircraft to Shenton Aircraft Investment I SHNTN 2015-1 and its affiliates.

Lessor BOC Aviation has signed an agreement to sell 24 aircraft to Shenton Aircraft Investment I SHNTN 2015-1 and its affiliates.

The aircraft, currently on lease to 18 airlines in 21 countries, include 11 A320 family aircraft, seven 737NGs and two Embraer E190s, two A330s aircraft and two 777s.

In a statement released on Monday (October 19), Singapore-headquartered BOC Aviation said the aircraft have a weighted average age of 4.6 years and weighted average remaining lease term of 5.7 years, based on weighted average appraised values.

SHNTN 2015-1 said it financed a portion of the aircraft purchase by issuing two tranches of notes, comprising $747.4m of 4.75 per cent Series A notes and $60.5m of 5.75 per cent Series B notes.

TAGS: Asia Pacific
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