November 10, 2017 / 2:12 AM / a year ago

BOC Aviation says to buy 3 Boeing aircraft from Qatar Airways

HONG KONG, Nov 10 (Reuters) - BOC Aviation Ltd said on Friday it would buy three Boeing 777-300ER aircraft from Qatar Airways and they would be leased back to the airline upon completion of the deal.

Asia’s second-biggest aircraft lessor, which did not give a price tag for the deal, said the aggregate full life current market appraised value of the aircraft was about $479 million.

BOC Aviation, which operates a fleet of 499 aircraft, said the deal would be funded through cash on hand, loans and borrowings.

Reporting by Donny Kwok; Editing by Stephen Coates

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