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COMAC seals 20-jet sales deal with BOC Aviation

COMMERCIAL Aircraft Corp of China, or COMAC, today signed an agreement to sell another 20 C919 jets to BOC Aviation, the wholly-owned leasing unit of Bank of China.

The contract, signed today, brings COMAC's total orders to 235 for the 150-seat Chinese-made aircraft.

"The signing of the Launch Customer Agreement with COMAC builds upon the 50 billion yuan (US$7.9 billion) Strategic Cooperation Framework Agreement signed between Bank of China and COMAC last June," said Robert Martin, managing director and chief executive officer of BOC Aviation.

Asia-based aircraft leasing company, BOC Aviation, has doubled its fleet in the last three years and now owns a portfolio of 180 aircrafts that are leased to major carriers worldwide.

BOC Aviation has one of the youngest fleets in the industry with an average aircraft age of less than four years.

In total it has 69 aircraft on firm order and another one on committed purchase and leaseback.

The C919 plane has received order books from 10 Chinese companies, including China's four biggest carriers - China Southern Airlines, China Eastern Airlines, Air China and Hainan Airlines - as well as China Development Bank Leasing Co and GE Capital Aviation Services.

The C919 may make its maiden flight in 2014.



 

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