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BRIEF-BOC Aviation enters deal with Qatar Airways to purchase and leaseback six aircrafts
December 22, 2016 / 8:46 AM / a year ago

BRIEF-BOC Aviation enters deal with Qatar Airways to purchase and leaseback six aircrafts

Dec 22 (Reuters) - BOC Aviation:

* Transaction in relation to the purchase and leaseback arrangement of six aircrafts

* Enters agreement with Qatar Airways to purchase six new airbus A350-900 aircraft and to lease each aircraft back to Qatar Airways upon delivery

* Aggregate list price of aircraft is approximately US$1.85 billion

* Transaction will be funded through cash on hand, proceeds of loans or other borrowings by company

* Company expects to take delivery of aircraft during 2017 Source text for Eikon: Further company coverage: (Bengaluru Newsroom; +1 646 223 8780; )

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