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

BOC AVIATION LIMITED

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BOC Aviation cuts stake in Norwegian Air to 4.9%

11/24/2020 | 09:30am EST
FILE PHOTO: A BoC Aviation signage at their office in Singapore

OSLO (Reuters) - China's BOC Aviation has sold close to 39 million shares in Norwegian Air and now holds a 4.92% stake in the crisis-hit budget airline, down from about 6% earlier, the lessor said on Tuesday.

Norwegian filed for bankruptcy protection in an Irish court last week as it seeks to stave off collapse amid the coronavirus pandemic.

BOC, which is ultimately controlled by the Chinese government, became Norwegian's second biggest owner in May with a 12.67% stake when the carrier converted parts of its debt into equity.

Other leasing firms which became major owners, including AerCap, have also cut their stakes in recent months.

(Reporting by Victoria Klesty, editing by Terje Solsvik)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AERCAP HOLDINGS N.V. -2.44% 41.21 Delayed Quote.-9.59%
BOC AVIATION LIMITED -4.73% 63.45 End-of-day quote.-5.30%
NORWEGIAN AIR SHUTTLE ASA -1.47% 67 Real-time Quote.-22.94%
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Financials (USD)
Sales 2020 2 097 M - -
Net income 2020 552 M - -
Net Debt 2020 17 360 M - -
P/E ratio 2020 10,3x
Yield 2020 3,37%
Capitalization 5 681 M 5 680 M -
EV / Sales 2020 11,0x
EV / Sales 2021 10,3x
Nbr of Employees 179
Free-Float 100,0%
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Technical analysis trends BOC AVIATION LIMITED
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 8,90 $
Last Close Price 8,19 $
Spread / Highest target 22,9%
Spread / Average Target 8,71%
Spread / Lowest Target -19,5%
EPS Revisions
Managers and Directors
NameTitle
Robert James Martin Chief Executive Officer, MD & Executive Director
David Ryan Walton Chief Operating Officer
Steven Matthew Townend Chief Financial Officer & Deputy Managing Director
Mang Li Non-Executive Director
Lin Zhu Non-Executive Director