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BOC Aviation says to buy six Boeing aircraft worth $1.7 billion

Reuters  |  HONG KONG 

HONG KONG (Reuters) - BOC Ltd <2588.HK> said on Thursday it would buy six new 787-9 from worth a combined $1.7 billion at list prices.

Asia's second-biggest lessor, which had 491 as of the end of last year, said it expected to take delivery of the in 2018 and 2019. The deal will be funded through cash on hand, loans and borrowings.

The Singapore-based company, which is majority-owned by <601988.SS>, this month posted a better-than-expected 40 percent rise in full-year net profit on higher revenue and U.S. tax cuts.

(Reporting by Donny Kwok; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 29 2018. 06:58 IST
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