BOC Aviation has concluded the second-quarter of 2023 with a significant milestone, as its owned fleet surpasses 400 aircraft as detailed in its recent report on operational transactions for the quarter ending June 30, 2023.
Transaction summary:
- The total fleet consisted of 652 aircraft, which included those owned, managed, and on order.
- The owned aircraft fleet, comprising 404 aircraft, had an average age of 4.7 years. The average remaining lease term for these owned aircraft was 8.0 years, both figures calculated based on net book value.
- The company's order book shows commitments for 213 aircraft.
- In the second quarter of 2023, BOC Aviation executed a total of 73 transactions, which included commitments to purchase 20 aircraft, delivery of 14 aircraft (including one acquired by an airline customer upon delivery), sale of two owned aircraft, and 32 lease commitments.
- BOC Aviation's customer base encompasses 91 airlines across 42 countries and regions, for both, owned and managed portfolios.
- The managed fleet consists of 35 aircraft, all of which are currently leased.
- As of June 30, 2023, the owned aircraft utilisation remained stable at 99%. Two single-aisle aircraft were off lease, with one already committed for lease.
Overall, BOC Aviation's report reflects its continued growth and success in the aviation industry, with a substantial fleet and a diverse customer base.
