In the first quarter of 2024, BOC Aviation conducted a series of significant transactions, showcasing its robust operational performance. These transactions included adding ten aircraft to the delivery pipeline for 2024 and finalising 31 lease commitments, marking the strongest first-quarter performance since 2020. Moreover, the company maintained strong momentum in aircraft sales, with five aircraft sold during this period.
The company’s fleet comprised a total of 688 aircraft, encompassing those owned, managed, and on order. Notably, the average age of the owned aircraft fleet stood at 4.8 years, with an average remaining lease term of 7.9 years, both calculated based on net book value. Additionally, the managed fleet consisted of 32 aircraft, reflecting BOC Aviation’s diverse portfolio.
Looking ahead, the company boasted an order book of 229 aircraft, indicating a promising outlook for future growth and expansion. Throughout the first quarter of 2024, BOC Aviation executed a total of 54 transactions, covering various aspects such as aircraft purchases, deliveries, and sales, alongside lease commitments.
With a customer base spanning 90 airlines across 45 countries and regions, BOC Aviation demonstrated its global reach and market presence. The company maintained a high level of operational efficiency, with owned aircraft utilisation reaching 99% during the first quarter.
Furthermore, BOC Aviation successfully raised US$500 million through the issuance of five-year bonds, underscoring its strong financial position and investor confidence. Overall, these operational transactions underscore BOC Aviation’s commitment to delivering exceptional service and value to its clients while solidifying its position as a leading player in the aviation industry.
