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BOC Aviation sells six jets to Sky Leasing ABS

BOC Aviation has disclosed the sale of six aircraft between June and September to a securitisation vehicle launched by Sky Leasing.

The Singapore-based lessor says in a stock exchange statement that the portfolio sold is comprised of two Boeing 737-800s, one 737-700, one A320, one A321 and one A330-300. Subject to closing provisions, the total transaction is valued at $257 million.

Five of the aircraft have already been sold, while the A330 is due to transfer around the end of September, BOC Aviation says.

In its statement, the lessor did not name the buyer of the five jets, however Flight Fleets Analyzer shows that the five aircraft that have already been transferred are now managed by Sky Leasing, and owned by its S-Jets 2017-1 securitisation vehicle.

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Sky Aviation launched the $781 million ABS in August, with the intention of acquiring a portfolio of 21 aircraft with an average age of 3.4 years and remaining lease term of around 7.5 years.

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