BOC Avi­a­tion to buy 10 jets for US$1.25b

New Straits Times - - Business -

BOC Avi­a­tion

Ltd said yes­ter­day it would buy 10 new air­craft from Boe­ing Co for US$1.25 bil­lion (RM5.35 bil­lion), as it looks to strengthen its rev­enue by in­vest­ing in mod­ern, ef­fi­cient and in-de­mand air­craft. The air­craft lessor said it would buy 10 new Boe­ing 737 MAX 10 air­craft for de­liv­ery in 2021. BOC Avi­a­tion, which op­er­ates a fleet of 493 air­craft, said the ac­tual pur­chase price was lower than the list price, and the deal would be funded via cash on hand, loans and bor­row­ings.

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.