BOC Aviation Limited has announced the renewal of its US$3.5 billion unsecured revolving credit facility (RCF) with its largest shareholder, Bank of China, extending the maturity to February 13, 2031.
The renewed facility continues to provide the Company with US$3.5 billion to support the ongoing growth of its business.
“This RCF extension reflects the confidence Bank of China has in the future of our business and underscores the depth of our relationship with our major shareholder,” said Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation. “The facility enhances our financial flexibility and ensures access to substantial liquidity to support our aircraft investments throughout the cycle.”
Bank of China first provided the Company with a US$1 billion RCF in 2007. The facility was increased to US$2 billion in 2009 and subsequently expanded to US$3.5 billion in 2020.
