Project ID: 98545

BOC Aviation leases at least one Boeing 737 MAX 8 aircraft to Corendon Airlines

Summary

Funding agency [Type]

BOC Aviation Limited [State-owned Company]

Recipient

Türkiye

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

2018-05-01

Actual start

2018-05-01

Description

Prior to May 2018, BOC Aviation entered into a lease agreement with Corendon Airlines, a Turkish leisure airline owned by the Corendon Group, for at least one Boeing 737 MAX 8 aircraft. Then, in May 2018, BOC Aviation delivered an aircraft to Corendon.

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

Turistik Hava Taşımacılık A.Ş. (Corendon Airlines) [Private Sector]

Loan Details

Bilateral loan

Lease agreement