BOC Aviation Limited has unveiled its operational achievements for the third quarter ending on September 30, 2023. Here’s a concise overview of the company’s transactions:
BOC Aviation boasts a comprehensive fleet comprising 681 aircraft under its ownership, management and order. Its 413 owned aircraft have an average age of just 4.8 years. These owned aircraft have an average remaining lease-term of 7.8 years, both metrics expertly weighed by net book value.
BOC Aviation’s managed fleet, comprising 35 aircraft, adds depth to its aviation portfolio. With an order book that features 233 aircraft, BOC Aviation continues to demonstrate a forward-looking strategy.
In the dynamic third quarter of 2023, BOC Aviation executed a total of 124 transactions, marking a period of substantial activity. These transactions included the commitment to acquire 41 aircraft, underlining the company’s dedication to expansion. Additionally, the delivery of 11 aircraft and 62 lease commitments further solidified its global presence.
The quarter witnessed BOC Aviation entering into its most significant loan transaction to date. Collaborating with 16 leading banks worldwide, they secured a substantial financing arrangement of US$1.375 billion.
BOC Aviation serves a diverse customer base, engaging with 93 airlines across 44 countries and regions through its owned and managed portfolios. Owned aircraft utilisation reached 99.1% by September 30, 2023.
