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Boeing, Airbus Close in on Multi-Million Dollar Deals With BOC Aviation

TheStreet

Singapore-based aircraft leasing company BOC Aviation is reportedly close to cementing deals to purchase jet models from both Airbus and Boeing. The Bank of China offshoot looks to buy 35 Airbus A320 models as well as over 35 competing jets from Boeing, It has been nearly a decade since Bank of China made a purchase from Boeing, according to Bloomberg. BOC Aviation's current portfolio consists of around 60 737 Boeing aircraft. A deal could be revealed this week at the Farnborough Air Show, an aerospace tradeshow in rural England where commercial airlines and airplane owners place orders. Boeing and Airbus have yet to comment on the report. Shares of Boeing are moving higher on the news. TheStreet's Keris Lahiff reports from New York.