BOC Aviation Limited has enjoyed a busy quarter as its latest release testifies. The aircraft operating leasing company has a fleet of 680 aircraft owned, managed and on order. Its owned and managed fleet was leased to 93 airlines in 47 countries and regions worldwide as at 30 June 2024.
Its key operational transactions for the quarter ended 30 June 2024 included an order book of 219 aircraft, a total fleet of 680 aircraft owned, managed and on order. The average aircraft age of 4.9 years and an average remaining lease term of 7.9 years for the 429 owned aircraft fleet, both weighted by net book value.
During the quarter, BOC Aviation executed a total of 59 transactions including:
Commitments to purchase four aircraft
Delivery of 13 aircraft
Sale of 11 owned aircraft
24 lease commitments
Owned aircraft utilisation was 99% for the second quarter
Raised US$500 million of five-year bonds at the tightest spread in the Company’s history.
