BOC opens Tianjin subsidiary
BOC Aviation has opened its subsidiary BOC Aviation Leasing (Tianjin) Ltd, located within the Dongjiang Free Trade Port Zone in Tianjin, China.
To mark the opening of this new subsidiary, Chen Siqing, President and Vice Chairman of Bank of China, and Cui Jindu, Member of Standing Committee of the Communist Party of China Tianjin Committee and Vice Mayor of Tianjin, signed a Memorandum of Cooperation. “As BOC Aviation focuses on the next stage of its growth, in order to deepen our relationship with our customers in China, we have taken the strategic decision to open our latest subsidiary there,” said Robert Martin,
Managing Director and Chief Executive Officer. “We expect China to continue to be one of the fastest growing aviation markets in the world and this step will enable us to support our customers in this important market.”
Tianjin is home to the Airbus A320 final assembly line for China, and the city’s aerospace industry is expected to generate 100 billion yuan (US$16.4 billion) in revenue in 2015, according to the China Daily.
BOC Aviation, owned by Bank of China, is headquartered in Singapore with offices in Dublin, London, Seattle, as well as Tianjin.