A Member of Bank of China Group

Press Release

Operational Data For The Fourth Quarter and Year Ended 31 December 2021

14 Jan 2022

BOC Aviation Limited (HKEX Code: 2588, “BOC Aviation”) announces its operational transactions for the fourth quarter and year ended 31 December 2021 and as at 31 December 2021.

Robert Martin, Managing Director and Chief Executive Officer, said, “We are pleased to achieve a robust performance in 2021 in a challenging operating environment. During the year, we took delivery of 52 aircraft and sold 26 owned and managed aircraft, ending the year with a total fleet of 521 aircraft. Our fleet remains one of the industry’s most attractive, with a young average age of 3.9 years and long average remaining lease term of 8.3 years. Looking ahead, our portfolio positions us well to serve the growth and replacement requirements of our airline customers.”

   
Transactions Summary

  • A total fleet of 521 aircraft owned, managed and on order1
  • An average aircraft age of 3.9 years and an average remaining lease term of 8.3 years for the 380 owned aircraft fleet, both weighted by net book value
  • Order book of 104 aircraft1
  • Executed a total of 42 transactions in the fourth quarter of 2021 and 160 in 2021:
    • Took delivery of nine aircraft in the fourth quarter of 2021, and 52 in total in 2021 (including seven acquired by airline customers on delivery)
    • Sold 12 owned aircraft in the fourth quarter of 2021, which brought the total number of owned and managed aircraft sold during the year to 26
    • Signed 21 lease commitments in the fourth quarter of 2021, bringing the total for 2021 to 74
    • Transitioned four owned and managed aircraft in the fourth quarter of 2021 and nine in 2021
  • Customer base of 86 airlines in 38 countries and regions in the owned and managed portfolios
  • Managed fleet comprised 37 aircraft, with two single aisle aircraft off lease. A signed lease is in place for one of the single aisle aircraft, scheduled for delivery in the first quarter of 2022
  • Owned aircraft utilisation at 98.5%, with five single aisle and five twin aisle aircraft off lease. Signed leases are in place for all five twin aisle aircraft, scheduled for delivery in the first quarter of 2022
 

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 521 aircraft owned, managed and on order. Its owned and managed fleet was leased to 86 airlines in 38 countries and regions worldwide as at 31 December 2021. 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