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BOC AVIATION LIMITED ʕვঘ٤ॡ༣Ϟࠢʮ̡*
(Incorporated in the Republic of Singapore with limited liability)
Action code: 2588
MAJOR OPERATION IN RELATION TO
THE PURCHASE OF 80 AIRBUS A320NEO FAMILY AIRCRAFT
The Board of Directors is pleased to announce that the Company has entered into an agreement with Airbus SAS for the purchase of 80 Airbus A320NEO Family aircraft from Airbus SAS. The transaction constitutes a qualifying aircraft leasing activity of the Company.
The Board of Directors (the “Plank“) of BOC Aviation Limited (the “Company“) is pleased to announce that on April 11, 2022, the Company entered into an agreement with Airbus SAS (the “Seller“) under which it undertook to purchase from the Seller 80 aircraft of the Airbus A320NEO family (the “Transaction“).
This announcement is made in accordance with listing rule 14.33D(1).
2. Transaction Details
2.1 The plane
80 Airbus A320NEO family aircraft scheduled for delivery between 2027 and 2029.
2.2 The Company
BOC Aviation Limited, which is one of the world’s leading aircraft operating leasing companies with a fleet of 530 aircraft owned, managed or on order as of March 31, 2022.
* For identification purposes only
2.3 The Seller
Airbus SAS, a simplified joint stock company duly incorporated and existing under French law.
The Seller is primarily engaged in the aircraft manufacturing business. To the best of the Directors’ knowledge, information and belief, after making all reasonable inquiries, the Seller and its ultimate beneficial owners are third parties independent of the Company and persons associated with the Company.
3. Listing rules Implications of the transaction
3.1 The Board confirms that the Company is a listed issuer actively engaged in the leasing of aircraft with aircraft operators as its principal business in the normal course of business and that the Company is therefore a qualified aircraft lessor (as defined in the Listing Rules).
3.2 The Board further confirms that (a) the Transaction is entered into in the normal and customary course of business of the Company and on normal trade terms, and (b) the terms of the Transaction are fair and reasonable and in the best interests of of the Company and its shareholders as a whole.
3.3 Because one or more of the relevant percentage ratios for the Transaction under Rule 14.07 of the Listing Rules is greater than 25%, but all of the relevant percentage ratios are less than 100%, the Transaction constitutes a major corporate transaction. However, as the Transaction constitutes a Qualified Aircraft Leasing Business (as defined in the Listing Rules) of the Company, the Transaction is exempt from the announcement, circular and/or shareholder approval requirements. under Listing Rule 14.33C.
By order of the council
BOC Aviation Limited
Zhang Yanqiu Juliana
Hong Kong, April 11, 2022
As of the date of this announcement, the Company’s Board of Directors includes Mr. Chen Huaiyu as Chairman and Non-Executive Director, Mdm. Zhang Xiaolu and Mr. Robert James Martin as Executive Directors, Mr. Liu Chenggang, Mr. Wang Xiao, Mdm. Wei Hanguang and Mdm. Zhu Lin as non-executive directors and Mr. Dai Deming, Mr. Fu Shula, Mr. Antony Nigel Tyler and Dr.
Yeung Yin Bernard as independent non-executive directors.
BOC Aviation Ltd. published this content on April 11, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on April 11, 2022 09:18:09 UTC.