Overview

BOC Aviation leases four Boeing 737-800 NG and two Airbus A320NEO aircraft to Vistara

Commitment Year•2019Country of Activity•IndiaDirect Recipient Country of Incorporation•IndiaOverseas Jurisdiction•SingaporeSector•Transport And StorageFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: May 1, 2019

Start (planned): May 1, 2019

End (planned): Dec 31, 2019

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 four Boeing 737-800 NG and two Airbus A320NEO aircraft to Vistara

Interest type•Unknown

Narrative

Full Description

Project narrative

Prior to May 2019, 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 four Boeing 737-800 NG and two Airbus A320NEO aircraft. The Boeing aircraft were scheduled for delivery in May 2019 and Airbus were delivered in the second half of 2019.