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Overview

BOC Aviation leases six Boeing 737-800 aircraft to SpiceJet

Commitment Year•2013Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaOverseas Jurisdiction•SingaporeSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Oct 1, 2013
Start (actual)
Oct 1, 2013
End (planned)
Jan 1, 2014

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

Private Sector

  • SpiceJet Limited

Loan description

BOC Aviation leases six Boeing 737-800 aircraft to SpiceJet

Interest type•Unknown

Narrative

Full Description

Project narrative

In October 2013, BOC Aviation entered into an agreement to lease six Boeing 737-800 aircraft to SpiceJet, an Indian budget airline. The aircraft were to be used to expand SpiceJet's routes in the Indian domestic market. As of October 2013, SpiceJet had received delivery of the first of the six aircraft, with the remainder to be delivered in 2014.