Press Release

BOC AVIATION CLOSES THE SECOND QUARTER OF 2023 WITH OWNED FLEET SURPASSING 400 AIRCRAFT

10 Jul 2023

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

Transactions Summary

• A total fleet of 652 aircraft owned, managed and on order¹
• An average aircraft age of 4.7 years and an average remaining lease term of 8.0 years for the 404 owned aircraft fleet, both weighted by net book value²
• Order book of 213 aircraft¹
• Executed a total of 73 transactions in the second quarter of 2023, including:
  • Commitments to purchase 20 aircraft
  • Delivery of 14 aircraft (including one acquired by an airline customer on delivery)
  • Sale of two owned aircraft
  • 32 lease commitments
• Customer base of 91 airlines in 42 countries and regions in the owned and managed portfolios
• Managed fleet comprised 35 aircraft, with all aircraft on lease³
• Owned aircraft utilisation was stable at 99% as at 30 June 2023, with two single aisle aircraft off lease³, of which one is committed for lease

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 652 aircraft owned, managed and on order.  Its owned and managed fleet was leased to 91 airlines in 42 countries and regions worldwide as at 30 June 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