Aircraft lessor BOC Aviation has announced an expansion of Paul Kent’s responsibilities as Chief Commercial Officer (CCO), effective today, January 13, 2025. Previously overseeing airline leasing and sales in Europe, the Americas and Africa, Kent’s role now extends globally, incorporating the Asia-Pacific and Middle East regions into his portfolio. Kent joined BOC Aviation in June […]
BOC Aviation expands Paul Kent’s role as CCO Read More »
BOC Aviation Limited (BOC Aviation) has entered into a leasing agreement with TUI Airways (TUI) for 14 Boeing 737-8 aircraft. The planes, which will be powered by advanced CFM LEAP-1B engines, are set for delivery in 2025 and 2026. This transaction reflects BOC Aviation’s ongoing relationship with TUI and its commitment to supporting customers’ fleet
BOC Aviation signs lease deal for Boeing 737-8 aircraft with TUI Read More »
BOC Aviation has announced the completion of a lease agreement with United Airlines (United) for three Boeing 737-9 and one Boeing 787-9 aircraft. The three 737-9s are equipped with CFM LEAP-1B engines, while the 787-9 operates with General Electric GEnx engines. All four aircraft are currently in service with United, supporting the airline’s ongoing fleet
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BOC Aviation has announced the placement of two Airbus A320neo aircraft with new customer Nouvelair, Tunisia’s first private airline. These aircraft, powered by CFM LEAP-1A engines, are set for delivery later this year. Paul Kent, Chief Commercial Officer (Europe, Americas and Africa) at BOC Aviation, emphasised the company’s enthusiasm for expanding its presence in the
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BOC Aviation has announced its unaudited results for the six months ending June 30, 2024. The company achieved a record net profit after tax (NPAT) of US$460 million, surpassing the previous first-half record of US$323 million set in 2020. This significant growth is attributed to the continued expansion of its core business and successful aircraft
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BOC Aviation Limited (BOC Aviation) has successfully concluded a self-arranged club loan transaction involving 25 banks worldwide, amounting to US$2.3 billion. This five-year agreement represents the company’s largest transaction to date, surpassing the US$1.375 billion club loan signed in October 2023. The transaction consists of four facilities extended by global banks to BOC Aviation and
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BOC Aviation has reported its operational transactions for the quarter ended June 30, 2024. The company reported a total fleet of 680 aircraft, comprising owned, managed and on-order planes. The average age of its 429 owned aircraft is 4.9 years, with an average remaining lease term of 7.9 years, both figures weighted by net book
BOC Aviation reports strong operational transactions for Q2 2024 Read More »
BOC Aviation has placed three used Boeing 737-8 aircraft with longstanding customer the WestJet Group (WestJet). All three aircraft are powered by CFM LEAP-1B engines and are scheduled for delivery in 2024. “We are delighted to welcome WestJet, one of Canada’s major airlines, back to our customer base. This deal is a testament to our
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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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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
BOC Aviation reports final results for year ended December 31, 2023 Read More »
