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| Bank of China acquires SALE |
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Singapore’s SALE leasing enterprise announced it was bought by the Bank of China for $ 965 million in cash. Robert Martin will continue to be SALE’s CEO.
SALE currently owns 63 aircraft, and manages 14 other aircraft, with a total value of over
$ 3.1 billion. It has 30 B737NGs on order. SALE’s fleet comprises mostly of B737s and A320s.
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