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Overview

BoCom Leasing enters into a sale-and-leaseback agreement with Air Berlin for one Airbus 320 aircraft

Commitment Year•2010Country of Activity•GermanyDirect Recipient Country of Incorporation•GermanySector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
May 3, 2010
Start (actual)
May 3, 2010
End (actual)
May 3, 2010

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

  • China Bank of Communications Financial Leasing Co., Ltd. (BoCom Leasing)

Receiving agencies

Private Sector

  • Air Berlin PLC & Co. Luftverkehrs KG

Loan description

BoCom Leasing enters into a sale-and-leaseback agreement with Air Berlin for one Airbus 320 aircraft

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to May 5, 2010, Bank of Communications Financial Leasing Co., Ltd. (BoCom Leasing) — a Chinese state-owned leasing company — entered into a sale-and-leaseback agreement with Air Berlin PLC & Co. Luftverkehrs KG — a German airline, Germany's second largest, headquartered in Berlin — for one Airbus 320 aircraft. The specific aircraft was MSN 4291 and was delivered to Air Berlin on May 5, 2010. Its registration with Air Berlin was D-ABFG. In October 27, 2017, the aircraft ceased operations with Air Berlin. Then, in April 10, 2018, BoComm Leasing delivered the aircraft, now registered as EC-MVO, on lease to Vueling Airlines (captured via Record ID#102221).

Staff comments

1. The specific commitment date of this sale-and-leaseback agreement is unknown. For the time being, AidData has coded the delivery date as the commitment date and marked the commitment_date_estimated? field as True. 2. Sale and leaseback (or sale-leaseback) agreements are generally considered to be off-balance-sheet hybrid debt products.