BOC Aviation: Unit Agrees to Buy Six New Aircraft From Airbus

By Saurabh Chaturvedi Features Dow Jones Newswires

A unit of BOC Aviation Ltd. (2588.HK) agreed to buy six new aircraft from the Airbus, in an effort to boost its core aircraft leasing business.

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The subsidiary of BOC Aviation (Cayman) Ltd. has entered into an agreement with Airbus to buy two new A320neo aircraft, two new A321neo aircraft and two new A330-900 planes, the Hong Kong-listed company said in a stock exchange filing on Friday.

The list price of the aircraft is approximately US$1.05 billion. But "there is a significant difference between the list price of the aircraft and the actual purchase price of the aircraft under the agreement," it said.

Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com

(END) Dow Jones Newswires

May 25, 2017 21:10 ET (01:10 GMT)