BOC Aviation

Last updated
BOC Aviation Limited
FormerlySingapore Aircraft Leasing Enterprise Pte. Ltd.
SEHK:  2588
Industry Aircraft leasing
Founded1996(28 years ago) (1996) in Singapore
Headquarters79 Robinson Road, #15-01,
Downtown Core
,
Singapore
Parent Bank of China
Website www.bocaviation.com

BOC Aviation is the successor of the former global aircraft operating leasing company of Singapore Airlines, Singapore Aircraft Leasing Enterprise Pte. Ltd. It is the largest aircraft operating leasing company headquartered in Asia, as measured by the value of owned aircraft, and is listed on the Hong Kong Stock Exchange (SEHK :  2588) with its headquarters in Singapore and offices in Dublin, London, New York and Tianjin. [1]

Contents

History

In 1993, the company was founded as Singapore Aircraft Leasing Enterprise Pte. Ltd. (SALE) by Singapore Airlines and Boullioun Aviation Services, Inc., a U.S.-based aircraft operating leasing company. In 1995 acquired its first aircraft and in 1996 placed the first order with Airbus. In 1997, Temasek Holdings and Government of Singapore Investment Corporation (GIC) invested into the company.

In 2000, the company was reported to be the largest customer of the Airbus' single-aisle aircraft in Asia. [2]

In July 2004, SALE underwent a change in its shareholder structure, following the transfer of the 35.5% stake held by Seattle-based Boullioun Aviation Services to the US lessor's parent company WestLB AG of Germany. The remaining ownership then of SALE was unchanged, with Singapore Airlines holding 35.5%, while GIC and Temasek Holdings each retaining 14.5%. [3]

In 2006, SALE was the largest aircraft leasing company in Asia. [4] In December, the company was acquired by Bank of China for US$965 million [5] [6] [7] and was named BOC Aviation on 2 July 2007. [8] [9]

On 12 May 2016, the company was converted to a public company limited by shares and the company's name was changed to BOC Aviation Limited.

On 1 June 2016, the company was listed on the Main Board of the Stock Exchange of Hong Kong.

Partnership

In August 2019, BOC Aviation signed a purchase-and-leaseback agreement with Qatar Airways, the state-owned flag carrier of Qatar, for three new Airbus A350 twin-aisle aircraft to be delivered by the end of the third quarter. [10]

Related Research Articles

Finnair Oyj is the flag carrier and largest full-service legacy airline of Finland, with headquarters in Vantaa on the grounds of Helsinki Airport, its hub. Finnair and its subsidiaries dominate both domestic and international air travel in Finland. Its major shareholder is the government of Finland, which owns 55.9% of its shares. Finnair is a member of the Oneworld airline alliance.

Air Mauritius is the flag carrier airline of Mauritius. The airline is headquartered in Port Louis, Mauritius, with its hub at Sir Seewoosagur Ramgoolam International Airport.

<span class="mw-page-title-main">Airbus A318</span> Airliner, part of the A320 family

The Airbus A318 is the smallest and least numerous variant airliner of the Airbus A320 family. The A318 carries 107 to 132 passengers and has a maximum range of 5,750 kilometres. Final assembly of the aircraft took place in Hamburg, Germany. It is intended primarily for short-range service.

Pacific Airlines Joint Stock Aviation Company is a low-cost airline and ground services provider headquartered in Tan Binh District, Ho Chi Minh City, Vietnam, with its primary operating base at Tan Son Nhat International Airport. From 2008 to 2020, it was known as Jetstar Pacific Airlines.

<span class="mw-page-title-main">Gulf Air</span> Flag carrier of Bahrain

Gulf Air is the flag carrier of Bahrain, which was founded in 1950. Headquartered in Muharraq, the airline operates scheduled flights to 61 destinations in 30 countries across Africa, Asia, and Europe. The airline's main hub is at Bahrain International Airport.

Qatar Airways Company Q.C.S.C., operating as Qatar Airways, is the flag carrier of Qatar. Headquartered in the Qatar Airways Tower in Doha, the airline operates a hub-and-spoke network, flying to over 170 international destinations across five continents from its base at Hamad International Airport. The airline currently operates a fleet of more than 200 aircraft. Qatar Airways Group employs more than 43,000 people. The carrier has been a member of the Oneworld alliance since October 2013, and the official company slogan has been "Going Places Together" since 2015.

SriLankan Airlines is the flag carrier of Sri Lanka and a member airline of the Oneworld airline alliance. It was launched in 1979 as Air Lanka following the termination of operations of the original Sri Lankan flag carrier Air Ceylon. As of April 2024, it is the largest airline in Sri Lanka by number of aircraft and destinations.

<span class="mw-page-title-main">Etihad Airways</span> Flag carrier of the United Arab Emirates; based in Abu Dhabi

Etihad Airways is one of the two flag carriers of the United Arab Emirates, alongside Emirates. Its head office is in Khalifa City, Abu Dhabi, near Zayed International Airport. The airline commenced operations in November 2003, and is the second-largest airline in the UAE after Emirates.

China Eastern Airlines is a major airline in China, headquartered in Changning, Shanghai. It is one of the three major airlines in the country, along with Air China and China Southern Airlines.

GECAS was an Irish–American commercial aviation financing and leasing company. AerCap acquired the company from GE Capital on November 1, 2021.

Meridiana Fly S.p.A., operating as Meridiana, was a privately owned Italian airline headquartered in Olbia with its main base at Olbia Costa Smeralda Airport. It operated scheduled and charter flights to domestic, European and intercontinental destinations from several Italian bases. Some of its operations were carried out by the old Air Italy under the Meridiana brand. It was owned by Qatar Airways through AQA Holding (49%) and Alisarda S.p.A. (51%), who rebranded the airline as the new Air Italy effective 1 March 2018.

Middle East Airlines – Air Liban S.A.L., more commonly known as Middle East Airlines (MEA), is the flag carrier of Lebanon, with its head office in Beirut, near Beirut–Rafic Hariri International Airport. It operates scheduled international flights to Asia, Europe, the Middle East, and Africa from its base at Rafic Hariri International Airport.

<span class="mw-page-title-main">Tigerair</span> Defunct low-cost airline of Singapore (2003–2017)

Tiger Airways Singapore Pte Ltd, operating as Tigerair, was a low-cost airline headquartered in Singapore. It operated services to regional destinations in Southeast Asia, Bangladesh, Taiwan, China and India from its main base at Singapore Changi Airport. It was founded as an independent airline in 2003, and was listed on the Singapore Stock Exchange under the Tiger Airways Holdings name in 2010. In October 2014, parent company Tiger Airways Holdings became a subsidiary of the SIA Group, who took a 56% ownership stake.

Jetstar Asia Airways Pte Ltd is a Singaporean low-cost airline headquartered at Changi Airport. It operates services to regional destinations in Southeast Asia to countries such as Myanmar, Cambodia, Malaysia, Indonesia, Philippines, Thailand and Vietnam. It also flies to regional routes in East Asia such as Japan, Taiwan and Hong Kong.

Air Macau is the flag carrier of Macau. It operates services to 24 destinations in Mainland China, Indonesia, Japan, Singapore, South Korea, Taiwan, Thailand and Vietnam, from the airline's home base at Macau International Airport. In 2014, Air Macau carried 2.12 million passengers with an average load factor of 68.20% and carried 15,900 tonnes of cargo and mail.

InterGlobe Aviation Limited, doing business as IndiGo, is an Indian low-cost airline headquartered in Gurgaon, Haryana, India. It is the largest airline in India by passengers carried and fleet size, with a 61.6% domestic market share as of May 2024. It is the largest individual Asian airline, and one of the largest in the world in terms of passengers carried, with more than 100 million passengers carried in 2023. As of August 2024, IndiGo operates over 2,000 daily flights to 122 destinations – 88 domestic and 34 international, with a fleet of over 370 aircraft. It has its primary hub at Indira Gandhi International Airport, Delhi.

The Emirates Group is a state-owned Dubai-based international aviation holding company headquartered in Garhoud, Dubai, United Arab Emirates, near Dubai International Airport. The Emirates Group comprises dnata, an aviation services company providing ground handling services at 126 airports, and Emirates Airline, the largest airline in the Middle East. Emirates Airlines flies to over 150 destinations across 6 continents, operating a fleet of over 250 wide-bodied aircraft. The airline has 170 aircraft on order worth US$58 billion. The Emirates Group has a turnover of approximately US$28.3 billion and employs over 105,000 employees across all its business units and associated firms, making it one of the biggest employers in the Middle East. The company is wholly owned by the Government of Dubai directly under the Investment Corporation of Dubai and as part of Dubai Inc.

<span class="mw-page-title-main">Scoot</span> Low-cost airline of Singapore

Scoot Pte Ltd, operating as Scoot, is a Singaporean low-cost airline and a wholly owned subsidiary of Singapore Airlines. It began its operations on 4 June 2012 on medium and long-haul routes from Singapore, predominantly to various airports throughout the Asia-Pacific region. Scoot's airline slogan is Escape the Ordinary.

<span class="mw-page-title-main">Corporate affairs of Singapore Airlines</span>

Singapore Airlines is majority-owned by Singapore government investment and holding company Temasek Holdings which holds 56% of voting stock.

Air Italy was a privately owned Italian airline, headquartered in Olbia, Sardinia. In 2019, the company was the second largest airline in Italy, behind Italian flag carrier Alitalia, and the 40th largest in Europe by number of passengers in 2019. The airline was a subsidiary of AQA Holding, owned by Alisarda (51%) and Qatar Airways (49%). The airline operated a fleet of Boeing 737NG, Boeing 737 MAX 8 and Airbus A330 aircraft to over 34 scheduled domestic, European and intercontinental destinations. The airline operated from its main hub at Milan Malpensa Airport.

References

  1. ↑ "About Us". www.bocaviation.com. Retrieved 13 May 2017.
  2. ↑ Dunphy, Stephen H. (Aug 20, 2000). "Why buy aircraft when planes can be leased?". The Seattle Times. Retrieved 26 December 2016.
  3. ↑ "SALE Change of Ownership Structure - Stake Transferred from Boullioun to WestLB AG". www.bocaviation.com. Retrieved 2018-10-30.
  4. ↑ Mancilla, Darcy O. "Aircraft Financing: The Emergence of China (Nov 2009)". IATA.
  5. ↑ "International briefing". Flightglobal . 20 December 2006. Archived from the original on 2014-06-14.
  6. ↑ "SALE Wins Deal of the Year Award". www.bocaviation.com. Retrieved 13 May 2017.
  7. ↑ "中 國 銀 行 收 購 新 加 坡 飛 機 租 賃 公 司". 2006-12-15.
  8. ↑ "BOC Aviation - A New Name in the Industry". www.bocaviation.com. Retrieved 13 May 2017.
  9. ↑ "Our History". www.bocaviation.com. Retrieved 13 May 2017.
  10. ↑ "BOC Aviation places three A350s with Qatar Airways". Flight Global. Retrieved 5 August 2019.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.