Press Release

BOC AVIATION COMMITTED TO PURCHASE ADDITIONAL 41 AIRCRAFT DURING THE THIRD QUARTER OF 2023

11 Oct 2023

BOC Aviation Limited (HKEX Code: 2588, “BOC Aviation”) announces its operational transactions for the quarter ended 30 September 2023:

Transactions Summary

• A total fleet of 681 aircraft owned, managed and on order¹
• An average aircraft age of 4.8 years and an average remaining lease term of 7.8 years for the 413 owned aircraft fleet, both weighted by net book value²
• Managed fleet comprised 35 aircraft
• Order book of 233 aircraft¹
• Executed a total of 124 transactions in the third quarter of 2023, including:
  • Commitments to purchase 41 aircraft
  • Delivery of 11 aircraft
  • 62 lease commitments
• Signed largest loan transaction with 16 banks globally totalling US$1.375 billion
• Customer base of 93 airlines in 44 countries and regions in the owned and managed portfolios
• Owned aircraft utilisation improved to 99.1% as at 30 September 2023

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 681 aircraft owned, managed and on order. Its owned and managed fleet was leased to 93 airlines in 44 countries and regions worldwide as at 30 September 2023. 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:
Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873
[email protected]
www.bocaviation.com