Bank of Communications Financial Leasing Co. Ltd., a subsidiary of Bank of Communications Ltd. (BOCOM) (3328.HK, 601328.CN), said its air travel leasing unit will begin operations in the Shanghai Free Trade Zone this year, pending regulatory approval, news website caixin.com reported Tuesday, citing president Chen Min. As of the end of June, Bank of Communications Financial Leasing owned 35 aircraft and 100 ships. It is planning to increase the number of aircraft to 100 by 2016. The company may raise funds through an international debt issue, the report said.
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