BOC Aviation Ltd on Friday said it would buy six new aircraft from Airbus for an aggregate list price of $1.05 billion as the aircraft lessor builds its balance sheet by investing in modern, efficient and in-demand aircraft.

The Hong Kong-listed firm said it would buy two A320NEO aircraft, two A321NEO aircraft and two A330-900 aircraft from Airbus for delivery from 2018 to 2020.

BOC Aviation, which operates a fleet of 494 aircraft, said the actual purchase price was lower than the list price, and the deal would be funded through cash on hand, loans and borrowings.

The deal comes about a month after the company said it would buy two Boeing 777-300ER aircraft from Turkish Airlines for an undisclosed sum.

SOURCE REUTERS