7-Sep-2012 2:52 PM

Asia must have greater cross-border leases: BOC Aviation

BOC Aviation CEO Robert Martin, speaking at CAPA's Financing the Asian Aviation Revolution conference, stated (07-Sep-2012) the Asia Pacific region needs to enhance the number of cross-border leases. Excluding Japan, Asian banks tend to lease within their country, Mr Martin said. Notable exceptions include the inroads Cathay Pacific and Emirates have made in Singapore. Critical to improving this is the need for local cross-border currency swap markets.