BOC Aviation has closed 2019 with another year of strong performance during which it took delivery of 54 new aircraft, including its first Airbus A330neo aircraft, and added another 37 delivery positions to its order book, reflecting disciplined investment in popular and in-demand new-technology aircraft, building a strong foundation for future growth.
As part of its active portfolio management strategy, BOC Aviation successfully concluded a portfolio sale of all 17 aircraft with leases attached in 2019, bringing the total fleet size to 523 aircraft as at year end. The fleet has an average age of 3.1 years and long average remaining lease term of 8.4 years.
BOC Aviation has had a good start into 2020 with the announcement of an order for 20 new Airbus A320neo Family aircraft on January 7, as it focuses on building its balance sheet.
During the fourth quarter of 2019, BOC Aviation took delivery of 20 aircraft (including six acquired by airline customers on delivery) and 54 in 2019 (including 12 acquired by airline customers on delivery). BOC signed 37 lease commitments in the fourth quarter of 2019, bringing the total for 2019 to 87. The company sold six owned aircraft in the fourth quarter of 2019, which brought the total number of owned aircraft sold during the year to 28.
Additionally, two managed aircraft were sold in 2019 on behalf of third-party investors. BOC Aviation has a customer base of 93 airlines in 41 countries and regions in owned and managed portfolios.
