Singapore-headquartered lessor BOC Aviation has opened a new subsidiary in Tianjin, China to foster closer ties with its Chinese clients.
The group’s CEO, Robert Martin, said: “As BOC Aviation focuses on the next stage of its growth, in order to deepen our relationship with our customers in China, we have taken the strategic decision to open our latest subsidiary there.
We expect China to continue to be one of the fastest growing aviation markets in the world and this step will enable us to support our customers in this important market.”
BOC Aviation Leasing (Tianjin) is located in the Dongjiang Free Trade Port Zone, where Airbus and AVIC have an assembly line for the A320.
The lessor, which is owned by the Bank of China, opened an office in London in October and also has operations in Dublin and Seattle.