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China Aircraft Leasing Newsletter 3 July

China Aircraft Leasing Newsletter 3 July

Avic International Leasing hikes loan to $200 million

Chinese Leasing company Avic International Leasing has increased the size of it’s syndicated loan to $200 million from $150 million.

BOC Aviation Announces New Orders for Four Boeing 787-9 Aircraft

BOC Aviation announced 30 June that it has ordered four new Boeing 787-9 Dreamliners. This is the Company’s first order for Boeing 787-9 aircraft. All four aircraft have been placed on long-term leases with Air Europa, and are scheduled to be delivered to the airline in 2019. The aircraft will be powered by the Rolls-Royce Trent 1000 Engine.

Ruili signs MoU for 30 Boeing MAXs

Chinese LCC Ruili Airlines has signed a memorandum of understanding for 20 new 737 MAXs from Boeing at the Paris Air Show 2017. The order is valued at $2.2 billion based on list prices. Specific MAX variants have not been announced.

Shanghai aims high for its leasing sector

Total assets of Shanghai’s leasing companies ten-folded in the past five years while industry insiders call for easier foreign exchange transactions and tax refund to expand cross-border businesses. The assets reached 1.2 trillion yuan (US$180 billion) by the end of last year from 120 billion yuan in 2011, the Shanghai Leasing Trade Association said. Zhao Hongwei, director of the association and president of AVIC International Leasing Co, attributed the growth to government support and development of financial services.

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