BOC Aviation has reported a strong operational performance for the fourth quarter and full year ended December 31, 2025, underpinned by one of the largest volumes of transactions in its history.
Chief Executive Officer and Managing Director Steven Townend said the company delivered robust execution across its platform during the year, reinforcing its position as one of the world’s top five aircraft lessors. In 2025, BOC Aviation added 160 aircraft purchase commitments to its orderbook and took delivery of 51 new aircraft, reflecting a continued focus on investing in technologically advanced, in-demand assets. As part of its active portfolio management strategy, the company sold 35 owned aircraft over the year and maintained a 100% utilisation rate across its owned fleet. Townend added that, supported by a strong portfolio and orderbook, the company remains confident in meeting its long-term growth objectives.
At year end, BOC Aviation’s total portfolio comprised 815 aircraft and engines owned, managed or on order. The owned fleet of 451 aircraft had an average age of five years and an average remaining lease term of 7.8 years, while the orderbook stood at 337 aircraft. The managed fleet included 16 aircraft, and the company’s customer base spanned 87 airlines across 46 countries and regions. Aircraft utilisation across the owned portfolio was maintained at 100% throughout the year.
Transaction activity remained high in the final quarter of 2025, with 66 transactions completed, contributing to a total of 333 transactions for the full year. During the fourth quarter, BOC Aviation committed to purchase 14 aircraft, bringing total purchase commitments for the year to 160. The company took delivery of 16 aircraft in the quarter, excluding four aircraft acquired by an airline customer prior to delivery, and a net total of 51 aircraft during the year.
In terms of portfolio recycling, BOC Aviation sold seven owned aircraft and one managed aircraft in the fourth quarter. This brought total disposals in 2025 to 35 owned aircraft and one managed aircraft. Lease activity also remained strong, with 21 lease commitments executed in the fourth quarter and 74 completed over the full year.
To support its growth and investment strategy, BOC Aviation raised more than US$4 billion in funding during 2025, further strengthening its balance sheet and financial flexibility.
