Fleet-footed and fully loaded
30 Jun 2017
Article excerpt by Bonnie Chen of The Standard shared with permission.
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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