BOC Aviation buys two Boeing aircraft for $758 mln

HONG KONG, March 31 (Reuters) - BOC Aviation Ltd

said on Friday it bought two Boeing 747-8 freighter aircraft for

an aggregate list price of $758.2 million, as the aircraft

lessor aims to build its balance sheet by investing in modern

and in-demand aircraft.

BOC Aviation said it bought the aircraft from subsidiaries

of Boeing Co and concurrently accepted an assignment of

the leases of the aircraft to cargo airline AirBridgeCargo

Airlines LLC.

The actual purchase price was lower than the list price, and

the deal was funded through cash on hand, loans and other

borrowings, the Hong Kong-listed firm said in a filing.

BOC Aviation earlier this week posted a record full-year net

profit, supported by growth in global air travel, and signalled

an upbeat outlook.

(Reporting by Donny Kwok; Editing by Stephen Coates)