BOC Aviation Archives

BOC Aviation reveals first-quarter operational transactions

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 […]

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BOC Aviation reports final results for year ended December 31, 2023

Financial

In the fiscal year ending on December 31, 2023, BOC Aviation‘s (BOC) financial performance demonstrated significant growth and resilience. Total revenues and other income experienced a notable 7% increase year-on-year, reaching US$2.5 billion. A remarkable net profit after tax of US$764 million was achieved, a substantial rise from US$20 million in 2022. Core net profit

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BOC Aviation finalises finance leases with IndiGo for four Airbus A320neos

Aircraft & Engines

BOC Aviation has successfully concluded a finance lease arrangement involving four Airbus A320neo aircraft with InterGlobe Aviation (IndiGo). All four aircraft are equipped with CFM LEAP-1A engines and their delivery is scheduled for 2024. Expressing satisfaction with the transaction, Steven Townend, Chief Executive Officer and Managing Director of BOC Aviation, stated, “We are pleased to

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Condor will lease six A320neo-family aircraft from BOC Aviatio

BOC Aviation leases six Airbus aircraft to Condor

Aircraft & Engines

BOC Aviation has reached an agreement to acquire six new Airbus aircraft, consisting of four Airbus A321neo and two Airbus A320neo planes. These aircraft will be leased to Condor Flugdienst GmbH, a German leisure airline, under long-term lease arrangements, with expected delivery dates in 2027 and 2028. Steven Townend, Deputy Managing Director and Chief Financial

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BOC Aviation appoints Steven Townend Managing Director and CEO

People

BOC Aviation has appointed Steven Townend as Managing Director and Chief Executive Officer with effect from January 1, 2024. He will replace Robert Martin who will step down from the role on December 31, 2023, and will remain as a non-executive Director of the Board. Furthermore, Wu Jianguang will be appointed Chief Financial Officer with

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BOC Aviation secures US$1.375 billion club term loan with 16 global banks

Financial

BOC Aviation, a prominent global aircraft operating leasing company, has successfully closed a substantial club term loan transaction, amounting to US$1.375 billion (£1.127 billion). This significant milestone marks the largest unsecured term loan signed by the company since its establishment in 1993. The transaction involves the collaboration of 16 leading banks hailing from various regions,

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IndiGo and BOC have signed lease-finance agreements for ten A320neo aircraft

BOC Aviation and IndiGo sign lease agreements for ten A320neos

Aircraft & Engines

BOC Aviation has entered into a finance-lease transaction involving ten Airbus A320neo aircraft with InterGlobe Aviation Ltd. (IndiGo). The aircraft are all powered by CFM LEAP-1A engines. All ten aircraft are scheduled for delivery in 2023. “We are pleased to enhance our partnership with BOC Aviation with the lease agreement for these 10 aircraft. This

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BOC Aviation delivers strong performance in the first half of 2023

Financial

BOC Aviation has released its unaudited financial outcomes for the six-month period concluding on June 30, 2023. BOC Aviation posted a net profit after tax (NPAT) of US$262 million during the initial half of 2023. This success was propelled by an upsurge in lease rental earnings, coinciding with the upward trajectory of global passenger travel.

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BOC Aviation appoints Thomas Chandler Chief Operating Officer

People

BOC Aviation has released that Thomas (Tom) Chandler has been appointed Chief Operating Officer (COO). In his new role, he will oversee Technical, Procurement, IT, Legal and Transaction Management and Compliance and Insurance Departments. Chandler was formerly BOC Aviation’s Deputy Chief Operating Officer, based in Singapore. He has held this position since January this year,

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BOC Aviation posts second-quarter results

Aircraft & Engines

BOC Aviation has concluded the second-quarter of 2023 with a significant milestone, as its owned fleet surpasses 400 aircraft as detailed in its recent report on operational transactions for the quarter ending June 30, 2023. Transaction summary: Overall, BOC Aviation’s report reflects its continued growth and success in the aviation industry, with a substantial fleet

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BOC Aviation reveals first-quarter operational transactions

BOC Aviation reports final results for year ended December 31, 2023

BOC Aviation finalises finance leases with IndiGo for four Airbus A320neos

BOC Aviation leases six Airbus aircraft to Condor

BOC Aviation appoints Steven Townend Managing Director and CEO

BOC Aviation secures US$1.375 billion club term loan with 16 global banks

BOC Aviation and IndiGo sign lease agreements for ten A320neos

BOC Aviation delivers strong performance in the first half of 2023

BOC Aviation appoints Thomas Chandler Chief Operating Officer

BOC Aviation posts second-quarter results

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