BOC Aviation Ltd. (2588.HK) said Friday that it signed a deal to buy four Boeing planes in an order valued at US$1.08 billion at list prices.
BOC Aviation, the Hong Kong-listed aircraft leasing arm of Bank of China Ltd., will buy four Boeing 787-9 jets from the U.S. aircraft manufacturer. BOC Aviation didn't disclose the exact cost, but customers typically get price concessions for aircraft purchases.
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The Hong Kong-listed aircraft lessor said the four aircraft will be delivered in 2019, and that it plans to fund the purchase with internal resources including cash on hand and bank borrowings.
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(END) Dow Jones Newswires
June 29, 2017 20:36 ET (00:36 GMT)