Project ID: 98547

BOC Aviation leases 20 Airbus A320 aircraft to Vistara

Summary

Funding agency [Type]

BOC Aviation Limited [State-owned Company]

Recipient

India

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

2014-09-01

Actual start

2014-09-01

Planned complete

2018-09-01

Description

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.

Number of official sources

1

Number of total sources

1

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Details

Cofinanced

No

Direct receiving agencies [Type]

TATA-SIA Airlines Limited (Vistara) [Joint Venture/Special Purpose Vehicle]

Loan Details

Bilateral loan

Lease agreement

Project finance