BOC Aviation announces operational update for fourth quarter and year end 2017

BOC Aviation’s portfolio comprised 318 owned and managed aircraft, with an average aircraft age of 3.0 years and an average remaining lease term of 8.2 years for the owned aircraft fleet, weighted by net book value. BOC Aviation had an order book of 173 aircraft and took delivery of 28 aircraft in the fourth quarter of 2017, and 74 (including three acquired by airline customers on delivery) in 2017. The company added 22 lease commitments in the fourth quarter of 2017, and 103 in 2017. Customer base comprised of 80 airlines in 33 countries in the owned and managed portfolios. BOC Aviation has sold nine owned aircraft in the fourth quarter of 2017, and 30 in 2017. Additionally, two managed aircraft were sold in 2017. The managed fleet comprised 31 aircraft. 50 of the 53 new aircraft scheduled for delivery in 2018 have been committed for lease. Aircraft utilization was 99.8% for the fourth quarter and year ended December 31, 2017 and the company ended the year with all of its owned aircraft on lease.