BOC Aviation Announces Renewal of Aircraft Leasing Scheme
BOC Aviation announced that it has successfully renewed its Aircraft Leasing Scheme for a five-year period to June 2022. The Company’s current ALS will expire in June 2017. The ALS is an incentive scheme under which income derived from aircraft leasing operations is taxed at a concessionary tax rate, rather than the prevailing corporate tax rate in Singapore of 17%.
CALC expanding the group’s footprint in Southeast Asia
China Aircraft Leasing Group Holdings Limited announced that the Group has signed a long term lease with Thai AirAsia for the lease of one Airbus A320 aircraft. This aircraft is expected to be delivered in 2017. CALC delivered 18 aircraft in total, which increased our fleet size to 81 as of the end of the year. The Group is proactively implementing its fleet expansion plan, and is expected to expand to 173 aircraft by 2022.
SAS finances six additional Airbus A320neo aircraft through Sale and leaseback with CALC
SAS has secured financing of an additional six Airbus A320neo through the signing of a Sale and leaseback agreement with CDB Aviation Lease Finance. The aircraft will be delivered between 2017 and 2018. The agreement means that SAS, at the time of delivery of the respective aircraft, will sell the aircraft to CDB Aviation Lease Finance and then leases it back during a long-term lease period. The agreement means that SAS, at the time of delivery of the respective aircraft, will sell the aircraft to CDB Aviation Lease Finance and then leases it back during a long-term lease period.
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