BOC Aviation seeks $500 mln in Asia's first aircraft securitisation -sources

September 16, 2015 10:33 AM

51 0

SINGAPORE, Sept 16 Singapore-based BOC Aviation Pte Ltd is looking to raise at least $500 million through Asia's first asset backed securitisation by an aircraft lessor, tapping into growing demand for aviation assets, people familiar with the matter said.

The transaction will help BOC Aviation to sell a portfolio of 24 aircraft and their associated operating leases, in return for a fee to service the planes, the people said. The amount has not been finalised and could change depending on how many aircraft are being sold, they said.

Also read: Aircraft network switches launcher to hit deadline

Read more

To category page

Loading...