Wednesday, February 3, 2010

BOC AVIATION STRENGTHENS MARKET POSITION DURING DOWNTURN

BOC Aviation closed 2009 with a portfolio of 142 aircraft as it continued to deliver on its counter-cyclical strategy of expanding via purchase and leasebacks since the downturn in the aviation industry began in 2008. The Company took delivery of 48 aircraft in 2009, of which 23 were from purchase and leaseback deals closed during the year. BOC Aviation’s total assets exceeded US$5 billion for the first time since it was established 17 years ago......