BOC Aviation's planned IPO could fetch US$5-8b valuation

Singapore

THE proposed float of the Bank of China's Singapore-based aircraft leasing unit could fetch an overall valuation of up to between US$5 billion and US$8.1 billion, according to preliminary estimates in reports on Tuesday.

BOC Aviation is on track to list on the Hong Kong mainboard after the Bank of China's board gave the green light for the spin-off, though the pricing and timing have not been announced. The unit is the biggest aircraft lessor in Asia ex-Japan - Japanese-owned SMBC Aviation Capital is larger.