BOC Aviation Ltd.

10/10/2024 | Press release | Distributed by Public on 10/10/2024 03:20

BOC AVIATION EXPANDS FLEET TO 693 AIRCRAFT

Press Release

BOC AVIATION EXPANDS FLEET TO 693 AIRCRAFT

10 Oct 2024

BOC Aviation Limited (HKEX Code: 2588, "BOC Aviation") announces its operational transactions for the quarter ended 30 September 2024:

Transactions Summary

  • A total fleet of 693 aircraft owned, managed and on order
  • An average aircraft age of 5.0 years and an average remaining lease term of 7.8 years for the 430 owned aircraft fleet, both weighted by net book value1
  • Managed fleet comprised 32 aircraft
  • Order book of 231 aircraft
  • Executed a total of 70 transactions in the third quarter of 2024, including:
    • Commitments to purchase 19 aircraft
    • Delivery of seven aircraft
    • Sale of six owned aircraft
    • 35 lease commitments
  • Customer base of 93 airlines in 48 countries and regions in the owned and managed portfolios
  • Owned aircraft utilisation remained at 99% as at 30 September 2024
  • Raised US$500 million of seven-year bonds at a coupon of 4.625% per annum

Note:
1. Includes finance lease receivables in respect of aircraft on leases classified as finance leases in accordance with IFRS16 (Leases).

Shareholders and potential investors are reminded that the above data are based on the Company's records and have not been audited or reviewed by the Company's auditors.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 693 aircraft owned, managed and on order. Its owned and managed fleet was leased to 93 airlines in 48 countries and regions worldwide as at 30 September 2024. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin. For more information, visit www.bocaviation.com.

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For more information, please contact:
Kelly KANG
Tel: +65 6325 9428
Mobile: +65 9126 8066
[email protected]
www.bocaviation.com