BOC Aviation Limited has announced that it has signed a purchase-and-leaseback agreement with Cathay Pacific for six Boeing 777-300ER aircraft. All six aircraft will be placed on long-term leases with the Hong Kong carrier.
Robert Martin, chief executive of BOC Aviation, said: “We are pleased to be supporting Cathay once again, building on a long-term relationship that dates back to 2009. This transaction highlights the way we can bring financing solutions to our customers, on the strength of our balance sheet, our A- credit ratings and our available liquidity.”