Deals
BOC Aviation Said to Gauge Demand for Up to $1.5 Billion IPO
- Company plans to start taking investor orders in mid-May
- Asia set to overtake the U.S. as largest aircraft market
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BOC Aviation Ltd., Asia’s biggest aircraft-leasing company by asset value, began gauging demand Monday for a Hong Kong initial public offering that could raise as much as $1.5 billion, people with knowledge of the matter said.
The Singapore-based company, owned by Bank of China Ltd., expects to start taking investor orders in mid-May, according to the people, who asked not to be identified as the information is private. It plans to start trading as soon as the end of May, the people said.