BOC Aviation Expects Higher Capex on Potential 737 MAX Delivery
11 Octobre 2019 - 7:22AM
Dow Jones News
By Martin Mou
BOC Aviation Ltd. (2588.HK) said it expects capital expenditure
to rise next year in case delivery of the Boeing Co. (BA) 737 MAX
jets is resumed.
The Hong Kong-listed aircraft leasing company has a "baseline"
capital expenditure goal of $3 billion for 2020, though that may
rise once deliveries of the grounded jets resume, a company
spokesman said on Friday.
The delivery of 23 737 MAX aircraft to BOC Aviation, scheduled
for 2019, has been delayed at least into 2020, the spokesman said.
The company owns six 737 Max planes and has another 87 on
order.
The 737 MAX jets have been grounded since March following two
fatal crashes.
Write to Martin Mou at martin.mou@wsj.com
(END) Dow Jones Newswires
October 11, 2019 01:07 ET (05:07 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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