BOC Aviation Fleet Size Reaches 200 Aircraft
09 Nov 2012
BOC Aviation’s fleet size hit 200 aircraft for the first time following the delivery of a new Boeing 737-800 aircraft from the manufacturer’s facility in Seattle yesterday. The aircraft has been leased to Jet Airways. The portfolio of 200 aircraft, comprising 176 owned and 24 managed aircraft, are on lease to 55 airlines in 33 countries.
BOC Aviation has grown significantly since it started operations as Singapore Aircraft Leasing Enterprise in November 1993. It took the Company 16 years to reach a portfolio size of 100 aircraft in 2009 and then three years to double that to 200 aircraft this year.
Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation, said, “This is a significant milestone for BOC Aviation. Our achievement today is in line with our long term strategy of being a major global aircraft leasing company. It has been achieved by the hard work of our team with the strong support from board and our shareholder, Bank of China, and our broad based global funding platform."
BOC Aviation is the leading Asia-based aircraft leasing company with a portfolio of 200 owned and managed aircraft operated by airlines worldwide and another 56 aircraft on firm order. The Company has one of the youngest fleets in the industry with an average owned aircraft age of less than four years.
BOC Aviation is 100% owned by Bank of China, one of the largest banks in the world.
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