BOC Aviation Records Major Milestones: Signed More Than 1,000 Lease Commitments, Committed To Purchase More Than 900 Aircraft
20 Apr 2020
BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has achieved two major milestones: signing 1,000 lease commitments and committing to purchase more than 900 aircraft since inception.
Robert Martin, Managing Director and Chief Executive Officer, said, “We are extremely proud to celebrate these two achievements in our 27th year of operation, which are testaments to our company’s long and successful history. Attaining these milestones reflects our disciplined investment and counter-cyclical strategy, which have contributed to long-term sustainable returns as we purchase aircraft at competitive prices and place them on long-term leases. To date, we have committed to purchase more than 900 aircraft and signed over 1,000 lease commitments with more than 160 airlines in 57 countries and regions.”
Steven Townend, Chief Commercial Officer, added “Thanks to the efforts of our leasing and sales departments, our current owned portfolio features a young average fleet age of 3.4 years plus a long remaining average lease term of 8.5 years. BOC Aviation continues to be a key long-term industry player. We thank all our stakeholders for their support for more than quarter of a century, and remain committed to continuing to work closely with our customers and other business partners.”
About BOC Aviation
BOC Aviation is a leading global aircraft operating leasing company with a fleet of 567 aircraft owned, managed and on order. Its owned and managed fleet was leased to 92 airlines worldwide in 40 countries and regions as at 31 March 2020. 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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