Overview

BOC Aviation leases three Airbus A320CEO aircraft to Saudi Arabian Airlines

Commitment Year•2018Country of Activity•Saudi ArabiaDirect Recipient Country of Incorporation•Saudi ArabiaOverseas Jurisdiction•SingaporeSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Oct 2, 2018

Start (planned): Dec 31, 2018

Start (actual): Dec 10, 2018

End (planned): Dec 31, 2018

End (actual): Dec 31, 2018

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 companies

BOC Aviation Limited

Receiving agencies

State-owned companies

Saudi Arabian Airlines Corporation (Saudia)

Loan description

BOC Aviation leases three Airbus A320CEO aircraft to Saudi Arabian Airlines

Interest type•Unknown

Narrative

Full Description

Project narrative

On October 2, 2018, it was announced that BOC Aviation Limited had entered into a lease agreement with Saudi Arabian carrier Saudi Arabian Airlines Corporation (Saudia) for three new Airbus A320CEO (Airbus A320-200) aircraft. The aircraft were to be used by the low-cost subsidiary of Saudia, flyadeal. The aircraft were all scheduled for delivery in 2018. BOC Aviation delivered the first aircraft on or around December 10, 2018. BOC Aviation delivered the second aircraft on or around December 17, 2018. BOC Aviation delivered the third aircraft on or around December 31, 2018.