Overview

BOC Aviation leases six Boeing 737-800 and three 737-900ER aircraft to Lion Mentari Airlines

Commitment Year•2012Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•SingaporeSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Nov 1, 2012

Start (actual): Nov 16, 2012

End (actual): Mar 31, 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

PT Lion Mentari Airlines (Lion Air Group)

Loan description

BOC Aviation leases six Boeing 737-800 and three 737-900ER aircraft to Lion Mentari Airlines

Interest type•Unknown

Narrative

Full Description

Project narrative

In November 2012, BOC Aviation entered into a lease agreement with PT Lion Mentari Airlines (Lion Air Group), an Indonesian airline holding company for several Southeast Asia airlines, including Indonesian low-cost airline Lion Air, for six Boeing 737-800 and three 737-900ER aircraft. The first aircraft, a 737-900ER, was delivered the week of November 16, 2012. The remaining eight aircraft were scheduled to delivery by the first quarter of 2014.