BoCom to stick with narrowbody leasing

Hong Kong
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China’s Bank of Communications Financial Leasing (BoCom Leasing) will continue to focus its portfolio on narrowbody aircraft.

General manager of aircraft leasing, Li Ling, told Flightglobal on the sidelines of the ISTAT Asia conference that its operating leasing fleet will continue to be built around the Boeing 737-800 and Comac C919 aircraft it has on order.

“When placing orders we think at our current stage we are focused on narrowbodies,” she says. “They are a better asset, and have more customers than widebodies, making the liquidity is better.”

BoCom Leasing has ordered 40 737s and 30 C919s, says Li. The company has also completed sale and leaseback transactions on a number of Airbus A320 family aircraft in recent years.

Nevertheless, it has some exposure to other aircraft types, including widebodies and regional jets, through its financial leasing activities for Chinese carriers, including flag-carrier Air China.

Li adds that there are no plans to expand into leasing turboprops.

“Turboprops are not widely used in the Chinese market so we are not familiar with that aircraft, and we don’t do things we are unfamiliar with,” she says.

BoCom Leasing is a wholly owned subsidiary of China's Bank of Communications.