Project ID: 98539

BOC Aviation leases six Boeing 737-800 aircraft to SpiceJet

Summary

Funding agency [Type]

BOC Aviation Limited [State-owned Company]

Recipient

India

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

2013-10-01

Actual start

2013-10-01

Planned complete

2014-01-01

Description

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.

Number of official sources

1

Number of total sources

1

Download the dataset

Details

Cofinanced

No

Direct receiving agencies [Type]

SpiceJet Limited [Private Sector]

Loan Details

Bilateral loan

Lease agreement