![]() ![]() "The Chinese are getting into leasing as they see huge potential in their own market, as well as Asia Pacific," said Shukor Yusof, founder of Endau Analytics in Malaysia. ![]() And for BOC, the leasing business can be more lucrative than running an airline, helping explain why conglomerates led by Hong Kong billionaires Li Ka-shing and Cheng Yu-tung are entering the field. ![]() The company sold new and existing shares at HK$42 apiece, in Asia's second-biggest IPO this year, and it plans to use the proceeds to help pay for new planes.Īs airlines serving the Asia-Pacific region move to triple their fleet, they're finding it can be cheaper to lease jets instead of buying them from Boeing Co or Airbus Group SE. That timing couldn't be better for aircraft leasing company BOC Aviation Ltd.īOC Aviation, an arm of Bank of China Ltd, is scheduled to debut on the Hong Kong Stock Exchange on Wednesday after raising HK$8.7 billion ($1.1 billion) in an initial public offering. The skies above Asia are set to get more crowded during the next 20 years, as airlines acquire more planes to fly increasing numbers of passengers from developing economies. Īirlines acquire more planes to carry passengers from new economies Ground staff tow in a Boeing 737 jet after landing at King County International Airport in Seattle, Washington. ![]()
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