BOC Aviation places two Airbus A320neo aircraft with Nouvelair

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 achieves record profit and Expands Aircraft Portfolio in First Half of 2024

Financial

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 secures US$2.3 billion club loan from global banks

Financial

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 reports strong operational transactions for Q2 2024

Aircraft & Engines

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

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BOC Aviation places Boeing 737-8 aircraft with WestJet Group

Aircraft & Engines

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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BOC Aviation reveals first-quarter operational transactions

Aircraft & Engines

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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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 places two Airbus A320neo aircraft with Nouvelair

BOC Aviation achieves record profit and Expands Aircraft Portfolio in First Half of 2024

BOC Aviation secures US$2.3 billion club loan from global banks

BOC Aviation reports strong operational transactions for Q2 2024

BOC Aviation places Boeing 737-8 aircraft with WestJet Group

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

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