A Member of Bank of China Group

Press Release

BOC Aviation Announces Extension of US$2 Billion Revolving Credit Facility with Bank of China

09 Jun 2015

BOC Aviation is pleased to announce that it has extended the maturity dates of its existing committed unsecured revolving credit facilities with Bank of China to 2022.

The extension has been entered into through a restated US$2 billion facility agreement that matures in 2022 and replaces two existing unsecured revolving credit facilities, each in an amount of US$1 billion, with earlier maturity dates of December 2017 and April 2019.

“Under Bank of China ownership, BOC Aviation has grown into a top five global aircraft operating leasing company,’’ said Robert Martin, Managing Director & Chief Executive Officer of BOC Aviation. “With our strong access to the debt capital markets and bank financing market, and the extension of our revolving credit facilities with Bank of China, we are well positioned to continue our disciplined growth strategy.”

BOC Aviation is a leading global aircraft leasing company with a portfolio of 251 owned and managed aircraft operated by 60 airlines worldwide in 30 countries, with commitments to acquire 196 aircraft, as of 31 March 2015. 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 based in Singapore with offices in Dublin, London, Seattle and Tianjin.

 

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For more information, please contact:

Claire LEOW

Tel: +65 9710 0790

[email protected]

www.bocaviation.com