aircraft-leasing

An aircraft-leasing unit that was valuable to AIG when it had a high credit rating but has been a drag ever since will be offloaded, too.

BOC Aviation Pte Ltd, owned by the Bank of China, has been ranked first in Asia as an aircraft leasing enterprise.

The solution, he thought, was for GE to sell part of its highly profitable aircraft-leasing business.

In addition, it owns one of the world's biggest aircraft leasing operations and a sizeable asset management business.

"Japanese and Chinese banks are bidding enthusiastically for some assets, particularly aircraft leasing. "

Bank of China already owns Asia's largest aircraft leasing business, the Singapore-based BOC Aviation.

Aircraft after the sale, leasing companies to finance leaseback of aircraft, leasing aircraft from a period of 5 years from delivery.

Bank of China is already active in the sector after acquiring Singapore Aircraft Leasing Enterprise for $965m in 2006.

Among them, the nation' s largest aircraft leasing company GE Commercial Services ordered 25.

A case in point: Bank of China's US$965m purchase in 2006 of Singapore Aircraft Leasing, the largest such firm in Asia.

They tend to do high volume, less profitable leasing, such as aircraft leasing where margins are slim.

HNA and Bravia purchased a $3bn portfolio of aircraft leasing assets in 2010.