Press Release
BOC AVIATION REPORTS 47 AIRCRAFT ORDERBOOK ADDITIONS IN 2024
09 Jan 2025
BOC Aviation Limited (HKEX Code: 2588, “BOC Aviation”) announces its operational transactions for the fourth quarter and year ended 31 December 2024.
Steven Townend, Chief Executive Officer and Managing Director, said, “We continued to focus on the long term sustainable growth of our business in 2024 and added 47 new aircraft commitments, which will provide a valuable pipeline of future revenue growth. We took delivery of 38 aircraft against a challenging supply chain backdrop, lifting our owned portfolio to a record 435 aircraft even as we sold 29 owned aircraft as part of our active portfolio management strategy. Our collection rate exceeded 100% for the third year running and aircraft utilisation remained above 99%. Notably, all of our aircraft were on lease at year-end.”
Portfolio & Transactions Summary
- A total portfolio of 709 aircraft and engines owned, managed and on order
- An average aircraft age of 5.0 years and an average remaining lease term of 7.9 years for the 435 owned aircraft fleet1
- Managed fleet comprised 32 aircraft
- Order book of 232 aircraft
- Customer base of 92 airlines in 48 countries and regions in the owned and managed portfolios
- Owned aircraft utilisation remained above 99% for the year ended 2024
- Executed a total of 77 transactions in the fourth quarter of 2024 and a total of 260 in 2024, including:
- Commitments in the fourth quarter to purchase 14 aircraft and a total of 47 in 2024
- Commitments to purchase four engines in the fourth quarter to close the year with 10 owned engines
- Delivery of 13 aircraft in the fourth quarter and a total of 38 in 2024
- Sale of eight owned aircraft in the fourth quarter, which brought the total number of owned aircraft sold during the year to 29
- 28 lease commitments in the fourth quarter and a total of 118 for 2024
- Raised total funding for the year of over US$5 billion
Portfolio as at 31 December 2024
Notes:
- Weighted by net book value and includes finance lease receivables.
- Includes all purchase commitments including 10 where an airline customer has the right to acquire the aircraft on delivery.
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 portfolio of 709 aircraft and engines owned, managed and on order. Its owned and managed fleet was leased to 92 airlines in 48 countries and regions worldwide as at 31 December 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.
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For more information, please contact:
Timothy ROSS
Tel: +65 6325 9878
Mobile: +65 9837 9873
[email protected]
www.bocaviation.com