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{{Short description|Bank of China Aircraft leasing company}}
{{Redirect|SALE|other uses|Sale (disambiguation){{!}}Sale}}
{{Infobox company
| name                = BOC Aviation Limited
| logo                = Bank of China.svg
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| romanized_name      = 
| former_name         = Singapore Aircraft Leasing Enterprise Pte. Ltd.
| type                = 
| traded_as           = {{SEHK|2588}}
| ISIN                = <!-- {{ISIN|sl=n|pl=y|...}} -->
| industry            = [[Aircraft lease|Aircraft leasing]]
| genre               = 
| predecessor         = <!-- or: predecessors = -->
| founded             = {{Start date and age|1996|p=yes}} in [[Singapore]]
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| hq_location         = 79 Robinson Road, #15-01
| hq_location_city    = [[Downtown Core]]
| hq_location_country = [[Singapore]]
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| parent              = [[Bank of China]]
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| website             = {{URL|www.bocaviation.com}}
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}}

'''BOC Aviation''' is the successor of the former global aircraft operating leasing company of [[Singapore Airlines]], Singapore Aircraft Leasing Enterprise Pte. Ltd. It is the largest aircraft operating leasing company headquartered in Asia, as measured by the value of owned aircraft, and is listed on the [[Hong Kong Stock Exchange]] ({{hkex|2588}}) with its headquarters in [[Singapore]] and offices in Dublin, London, New York and Tianjin.<ref>{{cite web|url=https://www.bocaviation.com/en/About-Us.aspx|title=About Us|website=www.bocaviation.com|access-date=13 May 2017}}</ref>

==History==
In 1993, the company was founded as '''Singapore Aircraft Leasing Enterprise Pte. Ltd'''. ('''SALE''') by [[Singapore Airlines]] and Boullioun Aviation Services, Inc., a U.S.-based aircraft operating leasing company.  In 1995 acquired its first aircraft and in 1996 placed the first order with Airbus. In 1997, [[Temasek Holdings]] and [[GIC Private Limited|Government of Singapore Investment Corporation]] (GIC) invested into the company.

In 2000, the company was reported to be the largest customer of the Airbus' single-aisle aircraft in Asia.<ref>{{cite news|last1=Dunphy|first1=Stephen H.|title=Why buy aircraft when planes can be leased?|url=https://archive.seattletimes.com/archive/20000820/TTMV194EH/why-buy-aircraft-when-planes-can-be-leased|access-date=26 December 2016|work=The Seattle Times|date=Aug 20, 2000}}</ref>

In July 2004, SALE underwent a change in its shareholder structure, following the transfer of the 35.5% stake held by Seattle-based Boullioun Aviation Services to the US lessor's parent company WestLB AG of Germany.  The remaining ownership then of SALE was unchanged, with Singapore Airlines holding 35.5%, while GIC and Temasek Holdings each retaining 14.5%.<ref>{{Cite web|url=https://www.bocaviation.com/en/press-releases/2004/7/sale-change-of-ownership-structure--stake-transferred-from-boullioun-to-westlb-ag|title=SALE Change of Ownership Structure - Stake Transferred from Boullioun to WestLB AG|website=www.bocaviation.com|access-date=2018-10-30}}</ref>

In 2006, SALE was the largest aircraft leasing company in Asia.<ref>{{cite web |last1=Mancilla |first1=Darcy O. |title=Aircraft Financing: The Emergence of China (Nov 2009) |url=http://IATA.org |publisher=IATA}}</ref> In December, the company was acquired by [[Bank of China]] for US$965{{space}}million<ref>{{cite news |date=20 December 2006 |title=International briefing |url=http://www.flightglobal.com/news/articles/international-briefing-211254/ |url-status=live |archive-url=https://web.archive.org/web/20140614012817/http://www.flightglobal.com/news/articles/international-briefing-211254/ |archive-date=2014-06-14 |work=[[Flightglobal]]}}</ref><ref>{{cite web |title=SALE Wins Deal of the Year Award |url=http://www.bocaviation.com/en/press-releases/2007/3/sale-wins-deal-of-the-year-award |access-date=13 May 2017 |website=www.bocaviation.com}}</ref><ref>{{cite web |date=2006-12-15 |title=中 國 銀 行 收 購 新 加 坡 飛 機 租 賃 公 司 |url=http://www.rthk.org.hk/rthk/news/expressnews/news.htm?expressnews&20061215&55&364925}}</ref> and was named BOC Aviation on 2 July 2007.<ref>{{cite web |title=BOC Aviation - A New Name in the Industry |url=http://www.bocaviation.com/en/press-releases/2007/7/boc-aviation--a-new-name-in-the-industry |access-date=13 May 2017 |website=www.bocaviation.com}}</ref><ref>{{cite web |title=Our History |url=https://www.bocaviation.com/en/About-Us/Our-History.aspx |access-date=13 May 2017 |website=www.bocaviation.com}}</ref>

On 12 May 2016, the company was converted to a public company limited by shares and the company's name was changed to BOC Aviation Limited.

On 1 June 2016, the company was listed on the Main Board of the [[Stock Exchange of Hong Kong]].

==Partnership==
In August 2019, BOC Aviation signed a purchase-and-leaseback agreement with [[Qatar Airways]], the state-owned flag carrier of [[Qatar]], for three new Airbus A350 twin-aisle aircraft to be delivered by the end of the third quarter.<ref>{{cite web|url=https://www.flightglobal.com/news/articles/boc-aviation-places-three-a350s-with-qatar-airways-460080/|title=BOC Aviation places three A350s with Qatar Airways|work=Flight Global|access-date=5 August 2019}}</ref>

== External links ==
*{{Official website|https://www.bocaviation.com}}{{Finance links
| symbol = 2588
| google = HKG:+2588
| yahoo = 2588.HK
| bloomberg = 2588:HK
| reuters = 2588.HK
}}

==References==
{{Reflist}}

{{Bank of China}}
{{Aircraft leasing companies}}

{{DEFAULTSORT:Boc Aviation}}
[[Category:Aerospace companies of Singapore]]
[[Category:Bank of China]]
[[Category:Aircraft leasing companies]]
[[Category:Companies listed on the Hong Kong Stock Exchange]]
[[Category:Government-owned companies of China]]