Singapore-based BOC Aviation has inked a commercial debt financing with Malaysia's Maybank to finance four Airbus and Boeing aircraft.
The move is further evidence that Asian banks are increasingly looking to step up their efforts in aviation financing as BOC Aviation's chief executive, Robert Martin, told Flightglobal Finance Pro earlier this week. This year 60% of BOC's financing stems from Asian banks and 15% from European banks.
Earlier this year, the lessor tapped the US Export Import Bank with JP Morgan, as lender, to finance Boeing 737 aircraft on lease to Jet Airways, WestJet Airlines and Copa Airlines, according to the export credit agency.
BOC Aviation has a portfolio of 175 aircraft with 56 aircraft on firm order.