BOC Aviation, the aircraft leasing subsidiary of Bank of China, has made its biggest single order for aircraft yet with the purchase of 82 Boeing jets for $8.8bn, half of which will be used by customers in the booming market for Asian air travel, writes Jeremy Grant in Singapore.
Asia will account for almost 32 per cent of global passenger traffic by 2017, from 28 per cent in 2012, according to the International Air Transport Association.
By contrast, North America’s and Europe’s shares will continue to decline, from 26 per cent and 24 per cent respectively to 24 per cent and 23 per cent.
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