HONG KONG Feb 14 Chinese aircraft leasing
company BOC Aviation said on Tuesday that it has ordered 20 C919
aircraft from China's state-owned plane maker, a deal it says
will help the country's first home-grown large passenger jet
gain access to new markets.
Singapore-based BOC Aviation, a subsidiary of Bank of China
Ltd , signed the deal with Commercial
Aircraft Corp of China Ltd (COMAC), whose aircraft is designed
to compete with Boeing Co's 737 and Airbus's
A320 in the narrow body segment.
BOC Aviation said the deal would make it the eleventh
customer of C919, but did not give financial details.
"With a global reach and long-term commitment to the
industry, BOC Aviation is confident we can help COMAC open
markets for the C919 first in China and then globally," said BOC
Aviation Managing Director and Chief Executive Robert Martin in
Martin said the deal would build on a 50 billion yuan ($7.94
billion) cooperation agreement signed between Bank of China and
COMAC in June 2011.
Major Chinese airlines, China Development Bank Corp's
CDB Leasing, General Electric Co's GE Capital
Aviation Services and the leasing arms of Industrial and
Commercial bank of China Ltd and Bank of
Communications Co Ltd have also ordered
BOC Aviation, a 25-year industry veteran, ordered 15 Embraer
SA E190 aircraft last November worth $642 million at
list price, in a bid to meet demand from airlines for smaller
passenger jets to develop new markets.
Martin said in September last year that problems faced by
European banks provided an opportunity to grab market share in
the aircraft financing industry.
($1 = 6.2971 Chinese yuan)
(Reporting By Alison Leung; Writing by Anne Marie Roantree;
Editing by Chris Lewis)