Singapore Aircraft Leasing Enterprise, Asia's largest, announced Friday that it has been acquired by Bank of China for $965 million in cash. The bank said the purchase is part of its "overall corporate strategy in expanding its scope of diverse financial services and increasing its diversification into noninterest income." SALE owns 63 aircraft and manages another 14 on behalf of third parties. It has firm orders for 28 and options or purchase rights on an additional 20, BOC said. The fleet ...

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