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BCI Aircraft Leasing, Inc. To Conduct Sale-Leaseback With China Airlines
Chicago-based BCI Aircraft Leasing, Inc. ("BCI") has signed a letter of intent for a sale and leaseback transaction with China Airlines.
/Aerospace - Aviation News Articles/ - CHICAGO, IL - September 17, 2008 - The deal will include a 2006 Airbus A330-300 commercial aircraft which will be operated in passenger service on long-term lease by the Taiwan-based carrier.
"We are grateful for the opportunity to add Taiwan's leading airline to our list of respected, worldwide partners," said Alain Maestracci, BCI's Vice President, Business Development. "China Airlines is an important and growing carrier and we look forward to building and expanding this relationship."
As the largest airline in Taiwan, China Airlines operates the island's most extensive and highly regarded international network of passenger and cargo services.
"Expanding our business in Asia has been a long-term strategic goal for BCI. We are excited and honored by the chance to serve such a prominent airline in the region," said Brian Hollnagel, BCI's President and CEO.
China Airlines is always on the look out for ways to broaden its commercial horizons. In 1993, it became the first of Taiwan's airlines to list on the stock exchange. The concerted effort made by its entire staff is well reflected on its results. In 1996, China Airlines' operating revenues out-reached NT$50 billions, and are targeted in excess of NT$100 billions by the year 2003.
To assure long-term growth, China Airlines is investing in related industries. Included in its portfolio are many newly launched companies spanning the fields of civil aviation, airport ground handling, information management, and more. These investments have increased the scope and depth of China Airlines' business operations, assuring prosperity long into the future.
Press Release Contact Information:
Judy Oliveros
BCI Aircraft Leasing, Inc.
Director of Administration
330 N. Wabash Ave., Suite 2801
Chicago, IL
USA 60611
Voice: 312-329-1700
Fax: 312-329-1250
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