BOC Aviation leases two Airbus A319 and seven A320 aircraft to Aeroflot

Circa June 2008, BOC Aviation leased two Airbus A319 and seven Airbus A320 aircraft to Russian airliner Aeroflot.

Additional details

1. AidData treats this lease as a loan. A lease is a contractual arrangement calling for the lessee (user) to pay the lessor (owner) for use of an asset. The lessor is the legal owner of the asset, while the lessee obtains the right to use the asset in return for regular rental payments. Under a capital lease (a financial arrangement where the lessee/borrower uses an asset and pays regular installments plus interest to the lender/lessor), rental payments are usually classified as interest and obligation payments, similarly to a mortgage (with the interest calculated each rental period on the outstanding obligation balance).

Number of official sources

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Number of total sources

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