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A Member of Bank of China Group

Press Release

Operational Data For The Third Quarter Ended 30 September 2018

11 Oct 2018

BOC Aviation Limited (HKEX Code: 2588, “BOC Aviation”) announces its operational transactions for the third quarter ended 30 September 2018 and as at 30 September 2018:

Transactions Summary
  • A total fleet of 499 aircraft owned, managed and on order1
  • An average aircraft age of 3.1 years and an average remaining lease term of 8.2 years for the 294 owned aircraft fleet, weighted by net book value
  • Order book of 179 aircraft1
  • Took delivery of nine aircraft, including one acquired by an airline customer on delivery
  • Signed 35 lease commitments
  • Customer base of 89 airlines in 34 countries and regions in the owned and managed portfolios
  • Sold 12 aircraft; nine owned and three managed
  • Managed fleet comprised 26 aircraft
  • The total number of aircraft delivered and scheduled to be delivered in 2018 is 52, all of which have been committed for lease and six of which have been or are expected to be acquired by airline customers on delivery. Six aircraft that were originally scheduled for delivery in 2018 have been deferred to 2019 as a result of manufacturer production delays
  • Aircraft utilisation at 100%

Certain airline customers have notified us of their intention to acquire on delivery a total of 13 of our aircraft on order, comprising five Airbus A320NEO family aircraft, two Airbus A330NEO family aircraft and six Boeing 787 family aircraft. Of these 13 aircraft, four are scheduled for delivery in the fourth quarter of 2018.

 

Shareholders and potential investors are reminded that the above operational 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 fleet of 499 aircraft owned, managed and on order. Its owned and managed fleet was leased to 89 airlines worldwide in 34 countries and regions as at 30 September 2018. 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.

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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