Project ID: 98541

BOC Aviation enters into sale-and-leaseback agreement with GOL for eight Boeing 737-800 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

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2012-11-01

Actual start

2013-01-01

Actual complete

2014-09-30

Description

In November 2012, BOC Aviation a purchase-and-leaseback agreement with GOL Linhas Aéreas Inteligentes S.A. (GOL), for eight new Boeing 737-800 aircraft. The aircraft were scheduled to be delivered from the first quarter of 2013 to the third quarter of 2014.

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

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

GOL Linhas Aéreas Inteligentes S.A. (GOL) [Private Sector]

Loan Details

Bilateral loan

Lease agreement