BOC Aviation is the successor of the former global aircraft operating leasing company of

Singapore Airlines Singapore Airlines (abbreviation: SIA or SQ) is the flag carrier of Singapore with its Airline hub, hub located at Changi Airport. Considered to be one of the world's best carriers, the airline is ranked as a 5-star airline as well as ranked ...

, 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 The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

() with its headquarters in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

and offices in Dublin, London, New York and Tianjin.

History

In 1993, the company was founded as Singapore Aircraft Leasing Enterprise Pte. Ltd. (SALE) by

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 Temasek Holdings (Private) Limited ( ) is a Singaporean State ownership, state-owned multinational investment firm. Incorporated on 25 June 1974, Temasek has a net portfolio of US$288 billion (S$389 billion) as of 2024. Headquartered at Orchard ...

and

Government of Singapore Investment Corporation GIC Private Limited is a Singaporean sovereign wealth fund that manages the country's foreign reserves. Established by the Government of Singapore in 1981 as the Government of Singapore Investment Corporation, from which the acronym "GIC" is ...

(GIC) invested into the company. In 2000, the company was reported to be the largest customer of the Airbus' single-aisle aircraft in Asia. 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%. In 2006, SALE was the largest aircraft leasing company in Asia. In December, the company was acquired by

Bank of China The Bank of China (BOC; ; Portuguese language, Portuguese: ''Banco da China'') is a state-owned Chinese Multinational corporation, multinational banking and financial services corporation headquartered in Beijing, Beijing, China. It is one of ...

for US$965million and was named BOC Aviation on 2 July 2007. 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 The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the 9th largest globally by market capitalization as of August 20 ...

Partnership

In August 2019, BOC Aviation signed a purchase-and-leaseback agreement with

Qatar Airways Qatar Airways Company Q.C.S.C. (, ''al-Qaṭariyya''), 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 internatio ...

, the state-owned flag carrier of

Qatar Qatar, officially the State of Qatar, is a country in West Asia. It occupies the Geography of Qatar, Qatar Peninsula on the northeastern coast of the Arabian Peninsula in the Middle East; it shares Qatar–Saudi Arabia border, its sole land b ...

, for three new Airbus A350 twin-aisle aircraft to be delivered by the end of the third quarter.

External links

References

{{DEFAULTSORT:Boc Aviation Aerospace companies of Singapore Bank of China Aircraft leasing companies Companies listed on the Hong Kong Stock Exchange Government-owned companies of China