Fleet-footed and fully loaded
30 Jun 2017
The Standard
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Article excerpt by Bonnie Chen of The Standard shared with permission.
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BOC Aviation (2588) managing director and chief executive Robert Martin reveals the company is to receive more than US$12 billion (HK$93.6 billion) in committed lease rental from airline customers, while the fleet of 300 aircraft has a utilization rate of nearly 100 percent.
There has been a recent trend of lessors purchasing aircraft from either airlines or manufacturers, and lease to the carriers, which favor fewer assets and debts.
Global aviation passenger numbers grow at more than 5 percent annually, according to the International Air Transport Association, creating aircraft demand.
Martin assures that the largest listed Asia-based aircraft lessor would have sustainable profit growth after 23 years of continuous earnings since establishment.
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