BOC Aviation Attracts Boeing, Chinese Wealth Fund to $1.1B IPO

Bloomberg reported Bank of China aircraft leasing unit BOC Aviation attracted investors, including Boeing and a Chinese sovereign wealth fund, to buy shares in its $1.1 billion initial public offering in Hong Kong.

Bloomberg noted China Investment and the Silk Road Fund agreed to each invest $100 million in the offering, while Oman Investment Fund will buy $50 million of stock. Boeing committed $30 million and Fosun International will purchase $35 million of shares, according to Bloomberg.

Bloomberg said, citing an interview with the CEO of Avolon Holdings, “China will become the ‘single-most important market, for plane-leasing companies over the next five years.”

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