Boarding begins for BOC Aviation $1.1b IPO

The IPO of Bank of China’s aircraft leasing business will be closely watched as two other aircraft lessor IPOs also prepare to take off in Hong Kong later this year.

Boarding begins for BOC Aviation $1.1b IPO

Bank of China, the country’s fourth-largest lender by assets, launched an initial public offering for its aircraft leasing business on Monday, targeting HK$8.7 billion $1.13 billion from the sale of both new and existing shares.

With shares tentatively scheduled to begin trading on June 1, BOC Aviation looks set to steal a march on rivals CDB Leasing and Minsheng Financial Leasing, which are both also preparing to list in Hong Kong later this...

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