Singapore Aircraft Leasing Enterprise
Encyclopedia
BOC Aviation, formerly named Singapore Aircraft Leasing Enterprise (SALE), is a company engaged in Commercial Aircraft Sales and Leasing
, with headquarters in Singapore
and offices in the UK
and the United States
. Owned by the Bank of China
, the company provides operating lease and fleet financing services for airlines. BOC Aviation-owned aircraft are currently in service with airlines in Africa
, the Asia-Pacific
region, Europe
, the Middle East
and North
and South America
.
On 15 December 2006, Bank of China
bought out all four companies' shares for US$980m.. Thus, to reflect the change in ownership, the company was renamed BOC Aviation on 2 July 2007.
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Commercial Aircraft Sales and Leasing
Commercial Aircraft Sales and Leasing is a common phrase used to describe organizations which typically market used commercial airliners and related equipment to governments and other various customers from manufacturers such as Airbus and Boeing as a primary function...
, with headquarters in Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
and offices in the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
and the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. Owned by the Bank of China
Bank of China
Bank of China Limited is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China...
, the company provides operating lease and fleet financing services for airlines. BOC Aviation-owned aircraft are currently in service with airlines in Africa
Africa
Africa is the world's second largest and second most populous continent, after Asia. At about 30.2 million km² including adjacent islands, it covers 6% of the Earth's total surface area and 20.4% of the total land area...
, the Asia-Pacific
Asia-Pacific
Asia-Pacific or Asia Pacific is the part of the world in or near the Western Pacific Ocean...
region, Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
, the Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
and North
North America
North America is a continent wholly within the Northern Hemisphere and almost wholly within the Western Hemisphere. It is also considered a northern subcontinent of the Americas...
and South America
South America
South America is a continent situated in the Western Hemisphere, mostly in the Southern Hemisphere, with a relatively small portion in the Northern Hemisphere. The continent is also considered a subcontinent of the Americas. It is bordered on the west by the Pacific Ocean and on the north and east...
.
Air fleet
BOC Aviation currently owns 128 aircraft with an average age of approximately four years. A further 68 aircraft are on firm order until 2012.| Airplane | Currently owned | Ordered |
|---|---|---|
| Airbus A320 | 93 | 34 |
| Airbus A330 Airbus A330 The Airbus A330 is a wide-body twin-engine jet airliner made by Airbus, a division of EADS. Versions of the A330 have a range of and can accommodate up to 335 passengers in a two-class layout or carry of cargo.... |
13 | 5 |
| Boeing 737 Boeing 737 The Boeing 737 is a short- to medium-range, twin-engine narrow-body jet airliner. Originally developed as a shorter, lower-cost twin-engine airliner derived from Boeing's 707 and 727, the 737 has developed into a family of nine passenger models with a capacity of 85 to 215 passengers... |
76 | 29 |
| Boeing 747 Boeing 747 The Boeing 747 is a wide-body commercial airliner and cargo transport, often referred to by its original nickname, Jumbo Jet, or Queen of the Skies. It is among the world's most recognizable aircraft, and was the first wide-body ever produced... |
1 | 0 |
| Boeing 777 Boeing 777 The Boeing 777 is a long-range, wide-body twin-engine jet airliner manufactured by Boeing Commercial Airplanes. It is the world's largest twinjet and is commonly referred to as the "Triple Seven". The aircraft has seating for over 300 passengers and has a range from , depending on model... |
13 | 8 |
History
SALE was jointly owned by four shareholders:- Singapore AirlinesSingapore AirlinesSingapore Airlines Limited is the flag carrier airline of Singapore. Singapore Airlines operates a hub at Changi Airport and has a strong presence in the Southeast Asia, East Asia, South Asia, and "Kangaroo Route" markets...
(35.5%) - WestLBWestLBWestLB AG is a European commercial bank based in Düsseldorf in Germany which is partly owned by the German state of North Rhine-Westphalia. The letters LB in the name stand for Landesbank. The Landesbanken are a group of state owned banks unique to Germany...
(35.5%) - GIC (14.5%)
- Temasek HoldingsTemasek HoldingsTemasek Holdings is an investment company owned by the government of Singapore. With an international staff of 380 people, it manages a portfolio of about S$193 billion at end of March 2011, focused primarily in Asia...
(14.5%)
On 15 December 2006, Bank of China
Bank of China
Bank of China Limited is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China...
bought out all four companies' shares for US$980m.. Thus, to reflect the change in ownership, the company was renamed BOC Aviation on 2 July 2007.
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t-y=t=t0rtyyyy404,d=,,,,05565/4/56/4436///560-561
5-7/
56,-74/
46=7y-
6=-
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