Press Release

BOC AVIATION REPORTS A SOLID START TO THE YEAR

11 Apr 2025

BOC Aviation Limited (HKEX Code: 2588, “BOC Aviation”) announces its operational transactions for the first quarter ended 31 March 2025.

Steven Townend, Chief Executive Officer and Managing Director, said, “Building a solid pipeline of aircraft deliveries underpins our capital expenditure targets. In the first quarter of the year, we added 125 new aircraft commitments and lifted our total to a record 346 aircraft, providing a strong foundation for growth. Elsewhere, our aircraft utilisation rate was 100% for the first time in five years, reflecting the continued robust demand for aircraft.”

Portfolio & Transactions Summary

• A total portfolio of 829 aircraft and engines owned, managed and on order
• An average aircraft age of 5.1 years and an average remaining lease term of 7.9 years for the 442 owned aircraft fleet¹
• Managed fleet comprised 32 aircraft
• Order book of 346 aircraft
• Customer base of 93 airlines in 48 countries and regions in the owned and managed portfolios
• Owned aircraft utilisation was 100% for the quarter ended 31 March 2025
• Executed a total of 158 transactions in the first quarter of 2025, including:
  • Commitments to purchase 125 aircraft
  • Delivery of 11 aircraft
  • Sale of four owned aircraft and one engine
  • 16 lease commitments
• Raised US$500 million of three-year bonds at a coupon of 4.750% per annum

Notes:

1. Weighted by net book value and includes finance lease receivables.
2. Comprises all purchase commitments including 10 where an airline customer has exercised 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 829 aircraft and engines owned, managed and on order. Its owned and managed fleet was leased to 93 airlines in 48 countries and regions worldwide as at 31 March 2025. 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]
www.bocaviation.com