A Member of Bank of China Group

Press Release

BOC Aviation - A New Name in the Industry

02 Jul 2007

On 2 July BOC Aviation became the new name for Asia's leading aircraft leasing company. Originally established in 1993 the company had previously operated as Singapore Aircraft Leasing Enterprise (SALE).

The name change followed the acquisition of the company by Bank of China in December 2006 and reflects the lessor's new position as part of one of the world's largest financial institutions. As BOC Aviation, the company has adopted a new logo and corporate identity based on the established Bank of China brand.

BOC Aviation will continue to be based in Singapore, where it is registered as a private limited company.

Chief Executive Officer Robert Martin said that the move signaled the company's expansion as a new member of the BOC group.

"The proven experience of SALE, combined with the resources and commitment provided by Bank of China, will position BOC Aviation to grow as a leading player in the global aircraft leasing and finance business."

"As BOC Aviation we look forward to providing the same levels of professional service that our customers have come to expect over the years. We also look forward to continuing to work with all our other business partners around the world, including the aircraft and engine manufacturers, equipment suppliers and third party financiers."

BOC Aviation currently owns and manages a fleet of 75 modern aircraft in service with 29 airlines worldwide. In addition it has 63 more aircraft on order with Airbus and Boeing for delivery through to 2012.

Bank of China is the world's sixth largest bank by market capitalisation. It has a global presence, with offices in 27 countries and assets in excess of US$700 billion.