HONG KONG Oct 3 Aircraft lessor BOC Aviation
Ltd said on Monday it would buy five new planes from
Air China, worth a combined $1.5 billion at list
prices, and would lease them back to the carrier.
The Asia's second-biggest aircraft lessor, with a fleet of
more than 260 planes, said it would buy three new Boeing
B777-300ERs and two new Airbus A330-300 aircraft.
The company expects to take delivery of the aircraft before
the end of 2016.
An expanding air travel market in Asia has helped many
regional airlines improve their financial performance which in
turn is fuelling growth in the leasing sector, BOC Aviation
Chief Executive Officer Robert Martin said in August.
(Reporting by Donny Kwok; Editing by Edwina Gibbs)