Project ID: 98546

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

Summary

Funding agency [Type]

BOC Aviation Limited [State-owned Company]

Recipient

Indonesia

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

2012-11-01

Actual start

2012-11-16

Actual complete

2014-03-31

Description

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.

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

PT Lion Mentari Airlines (Lion Air Group) [Private Sector]

Loan Details

Bilateral loan

Lease agreement