China Aircraft Leasing Group (CALC), the Chinese aircraft operating lessor, has delivered one new A320 aircraft to Sichuan Airlines, marking the 47th aircraft of CALC’s fleet.
The aircraft was delivered at the facilities of Airbus in Tianjin, China on 19 March 2015. The A320 aircraft delivered is equipped with Sharklets, which enhance the fuel-efficiency and payload-range performance of the A320 Family resulting in up to 4% lower fuel burn over longer sectors. The aircraft is installed with Rockwell Collins inflight entertainment system and advanced B/E catering equipment.
Up and coming, CALC will deliver two more A320 aircraft to Sichuan Airlines according to the leasing agreement signed between CALC and Sichuan Airline in August 2014s.
Fitch Rates BOC Aviation's 5-Year USD Notes 'A-(EXP)'
Fitch Ratings has assigned BOC Aviation proposed five-year US dollar senior unsecured notes due in 2020, an expected rating of 'A-(EXP)'. The notes will be issued under the aircraft leasing company's US$5bn global medium-term note (GMTN) programme.
The final rating is subject to the receipt of final documentation conforming to information already received. Proceeds from the senior notes would be used for the company's capital expenditure and general corporate purposes.
The notes are rated at the same level as BOC Aviation's 'A-' Long-Term Issuer Default Rating (IDR). This is because the notes will constitute direct, unsubordinated and senior unsecured obligations of the company, and will rank equally with all its other unsecured and unsubordinated obligations.
The IDR, presently on a Stable Outlook, reflects Fitch's view of a very high probability of extraordinary support to BOC Aviation from its ultimate parent, Bank of China Limited (BOC; A/Stable).
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