Hong Kong, May 18 -- With aircraft leased to 93 airlines in 41 countries worldwide you could be forgiven for believing the COVID-19 crisis is hitting Singapore-based BOC Aviation as hard as its cash-strapped airline customers.
But the managing director and CEO of the Bank of the China-owned lessor, Robert Martin, made it plain to Orient Aviation last month the company was cashed up and well prepared to deal with a forecast downturn.
About 75% of BOC Aviation's customers have been asking for support in various ways, Martin said, but it was far from a universal situation. "For example, the Chinese carriers have not had a liquidity problem during this crisis," he said.
"Why? Because the Chinese domestic bond market has been incredibly activ...