A Member of Bank of China Group

Press Release


15 Apr 2024

BOC Aviation Limited (HKEX Code: 2588, “BOC Aviation”) announces its operational transactions for the first quarter ended 31 March 2024.

Steven Townend, Chief Executive Officer and Managing Director, said, “We had a strong start to the year, adding 10 aircraft to 2024’s delivery pipeline and signing 31 lease commitments, the best first quarter since 2020. Aircraft sales momentum remains strong and we have sold five aircraft so far in 2024. Meanwhile, our collection rate of 100% reflects the improved financial health of our airline customers and our risk aware culture.”

Transactions Summary

  • A total fleet of 688 aircraft owned, managed and on order
  • An average aircraft age of 4.8 years and an average remaining lease term of 7.9 years for the 427 owned aircraft fleet, both weighted by net book value1
  • Managed fleet comprised 32 aircraft
  • Order book of 229 aircraft
  • Executed a total of 54 transactions in the first quarter of 2024, including:
    • Commitments to purchase 10 aircraft
    • Delivery of five aircraft
    • Sale of four owned and one managed aircraft
    • 31 lease commitments
  • Customer base of 90 airlines in 45 countries and regions in the owned and managed portfolios
  • Owned aircraft utilisation was 99% for the first quarter
  • Raised US$500 million of five-year bonds

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 688 aircraft owned, managed and on order. Its owned and managed fleet was leased to 90 airlines in 45 countries and regions worldwide as at 31 March 2024. 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.



For more information, please contact:
Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873
[email protected]