BOC Aviation Limited (“BOC Aviation” or the “Company”) is pleased to announce that it has renewed its US$3.5 billion unsecured revolving credit facility (the “RCF”) from its largest shareholder, Bank of China and has extended its maturity to 13 February 2031.

The terms of the new facility continue to provide the Company with US$3.5 billion to fund the business’ continued growth.

“This RCF extension reflects the confidence that Bank of China has in the future of our business and underscores the depth of our relationship with our major shareholder,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “The facility strengthens our financial flexibility and ensures our access to ample liquidity to support our aircraft investments across the cycle.”

In 2007, Bank of China provided its first US$1 billion RCF to the Company. This was increased to US$2 billion in 2009, and to US$3.5 billion in 2020.