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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  BOC Aviation Limited    2588   SG9999015267

BOC AVIATION LIMITED

(2588)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 07/06
52.8 HKD   +5.39%
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector news

BOC Aviation Cancels Orders for 30 Boeing 737 MAX Jets

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06/30/2020 | 09:30pm EDT

By Ben Otto

Chinese-owned aircraft lessor BOC Aviation Ltd. has canceled orders for 30 Boeing Co. 737 MAX jets and deferred delivery of others, potentially adding to the U.S. plane maker's growing financial strain.

Hong Kong-listed BOC Aviation said late Tuesday that it signed an agreement with Chicago-based Boeing for the cancellations and an unspecified number of deferments.

BOC Aviation in March had agreed with Boeing to reschedule its 87 outstanding MAX orders, and its next planned delivery was pushed back until the final quarter of 2020.

The MAX jet has been grounded since March 2019 following the second of two fatal crashes. Boeing halted production of the passenger jet in January. Its inability to deliver new MAX jets has pressured liquidity and forced the company to take on additional debt.

The news from BOC Aviation comes on the heels of Norwegian Air Shuttle ASA's announcement Monday that the European discount carrier was cancelling its orders for 92 MAX jets.

 

Write to Ben Otto at ben.otto@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
BOC AVIATION LIMITED 5.39% 52.8 End-of-day quote.-33.38%
BOEING COMPANY (THE) 4.24% 187.925 Delayed Quote.-44.50%
NORWEGIAN AIR SHUTTLE ASA -0.18% 2.745 Delayed Quote.-92.72%
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Latest news on BOC AVIATION LIMITED
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06/30BOC Aviation Cancels Orders for 30 Boeing 737 MAX Jets
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Financials (USD)
Sales 2020 2 172 M - -
Net income 2020 727 M - -
Net Debt 2020 16 769 M - -
P/E ratio 2020 51,1x
Yield 2020 0,70%
Capitalization 36 644 M 4 728 M -
EV / Sales 2019
EV / Sales 2020 24,6x
Nbr of Employees 176
Free-Float 99,0%
Chart BOC AVIATION LIMITED
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Technical analysis trends BOC AVIATION LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 8,40 $
Last Close Price 52,80 $
Spread / Highest target -80,5%
Spread / Average Target -84,1%
Spread / Lowest Target -87,7%
EPS Revisions
Managers
NameTitle
Robert James Martin Chief Executive Officer, MD & Executive Director
Yu Sun Non-Executive Chairman
David Ryan Walton Chief Operating Officer
Thim Fatt Phang Chief Financial Officer & Deputy Managing Director
Mang Li Non-Executive Director
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1st jan.Capitalization (M$)
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