Project ID: 98536

BOC Aviation enters into sale-and-leaseback agreement with Azul Linhas Aéreas Brasileiras S/A for four Embraer E195 aircraft

Summary

Funding agency [Type]

BOC Aviation Limited [State-owned Company]

Recipient

Brazil

Sector

Transport and storage (Code: 210)

Flow type

Loan

Level of public liability

Private debt

Infrastructure

No

Category

Intent

Commercial (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Implementation (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2011-11-01

Planned complete

2012-06-30

Description

In November 2011, BOC Aviation entered into a purchase and leaseback agreement with Brazilian airline Azul Linhas Aéreas Brasileiras S/A for four Embraer E195 aircraft. Two aircraft had been delivered by December 2012 and the remaining two were scheduled to be delivered by the second quarter of 2012.

Additional details

1. Sale and leaseback (or sale-leaseback) agreements are generally considered to be off-balance-sheet hybrid debt products.

Number of official sources

2

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

Azul Linhas Aéreas Brasileiras S/A [Private Sector]

Loan Details

Bilateral loan

Lease agreement