Structured Lease Deal of the Year: BOCOM Leasing-China Postal Airlines operating lease for two 737-800s

摘要

The 2020 Structured Lease Deal of the Year was innovative for combining with asset trade in order to conduct the conversion in a tax-bonded zone by the relevant maintenance, repair and overhaul company in the People's Republic of China (PRC) and matching the payment requirements to Boeing from customs and the Civil Aviation Administration of China (CAAC) requirements for the conversion. The two Boeing 737-800 aircraft, previously leased to a Chinese carrier through the Irish special purpose vehicle (SPV) and PRC SPV of Bank of Communications Financial Leasing (BCOML) were returned in 2020. BCOML leased the two aircraft to China Post Airlines on a back-to-back base together with a simultaneous arrangement of passenger-to-freighter conversion with Boeing.