BOC Aviation has reported a robust set of operational transactions for the first quarter ended March 31, 2026, underpinned by strong demand for aircraft and disciplined financial execution.
Chief Executive Officer and Managing Director Steven Townend said the company made a solid start to the year, delivering ten aircraft during the quarter and signing 20 lease commitments, 19 of which were placements from its orderbook. He noted that both utilisation and collection rates remained at 100%, while US$2.5 billion was raised in the funding markets, lifting liquidity to record levels. In a volatile environment, he added, this positions the company to maintain its focus on long-term, sustainable growth.
As at the end of the quarter, BOC Aviation’s total portfolio comprised 813 aircraft and engines that were owned, managed or on order. The owned fleet of 461 aircraft had an average age of 5.1 years and an average remaining lease term of 7.7 years. The company’s orderbook stood at 327 aircraft and one engine, while its managed fleet included 13 aircraft. Its customer base spanned 88 airlines across 46 countries and regions, with owned aircraft utilisation at 100%.
During the first quarter, the company executed 36 transactions, including the delivery of ten aircraft, the sale of three managed aircraft, a commitment to purchase one engine, and 20 lease agreements. It also secured US$2.5 billion in debt financing, comprising US$500 million in seven-year bonds with a 4.375% annual coupon and US$2 billion in loan facilities from 19 banks worldwide.
