Overview

BOC Aviation leases 20 Airbus A320 aircraft to Vistara

Commitment Year•2014Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaOverseas Jurisdiction•SingaporeSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Implementation

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Sep 1, 2014

Start (actual): Sep 1, 2014

End (planned): Sep 1, 2018

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

Joint Venture/Special Purpose Vehicles

TATA-SIA Airlines Limited (Vistara)

Loan description

BOC Aviation leases 20 Airbus A320 aircraft to Vistara

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to September 2014, BOC Aviation entered into a lease agreement with TATA-SIA Airlines Limited, an Indian airline branded as Vistara and joint venture between India's Tata Sons (51% equity stake) and Singapore Airlines (49% equity stake), for 20 Airbus A320 aircraft. The aircraft included several NEO aircrafts. Delivery was scheduled to occur over four years, with the first aircraft delivered in September 2014.