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A Member of Bank of China Group

Press Release

BOC Aviation Takes Delivery Of 250th Aircraft From Airbus

05 Jan 2017

BOC Aviation Limited (“BOC Aviation” or “the Company”) is pleased to announce the delivery of its 250th aircraft from Airbus. The aircraft is an A330-300 delivered to Air China, the fifth of the five widebody aircraft leased to the Chinese airline under a purchase-and-leaseback arrangement first announced on 3 October 2016.

“This milestone is testimony to the long-standing relationships upon which we have built our success,” said Robert Martin, Managing Director and Chief Executive Officer of BOC Aviation. “We recently marked our 23rd anniversary in business, and we are proud to celebrate a strong relationship with Airbus, which has been a significant partner throughout our history.”

“Such long-standing ties are the basis for both parties to provide the strong support expected by airline customers,” Mr. Martin added. “We are pleased that our 250th Airbus aircraft was delivered to Air China as we marked this milestone.”

“With repeat orders totalling some 316 aircraft, BOC Aviation is our 10th largest Airbus customer and now one of the world’s biggest lessors,” said John Leahy, Chief Operating Officer - Customers.  “When lessors finance almost 50 percent of Airbus deliveries, the importance of strong partnerships with customers like BOC Aviation cannot be underestimated. We salute BOC Aviation on its landmark 250th delivery.”

BOC Aviation is one of Airbus’ top 10 customers globally. BOC Aviation’s cumulative orders to date for new Airbus aircraft have reached a total of 316 aircraft, comprising 304 aircraft from the A320 family and 12 A330 aircraft. BOC Aviation was Airbus’ largest lessor customer for 2016 as measured in aircraft deliveries. In addition, BOC Aviation has committed to its first A350 acquisition with the purchase-and lease-back agreement of six aircraft signed with Qatar Airways scheduled for delivery in the first half of 2017.

In total, BOC Aviation took delivery of 67 aircraft in 2016, including 11 that were acquired by airline customers upon delivery.

 

About Air China

Air China Limited, a joint stock limited company incorporated in the People’s Republic of China with limited liability, has H shares listed on the Hong Kong Stock Exchange as its primary listing venue and on the Official List of the UK Listing Authority as its secondary listing venue, and also has A shares listed on the Shanghai Stock Exchange. Its principal business is the operation of scheduled airline services.

About BOC Aviation

BOC Aviation is a leading global aircraft operating leasing company with a fleet of 484 aircraft owned, managed or on order.  Its owned and managed fleet was leased to 67 airlines worldwide in 31 countries as at 30 September 2016. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, Seattle 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
timothy.ross@bocaviation.com
www.bocaviation.com