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A Member of Bank of China Group

Fleet-footed and fully loaded

30 Jun 2017

Media Coverage

The Standard

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Article excerpt by Bonnie Chen of The Standard shared with permission.



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BOC Aviation (2588) managing director and chief executive Robert Martin reveals the company is to receive more than US$12 billion (HK$93.6 billion) in committed lease rental from airline customers, while the fleet of 300 aircraft has a utilization rate of nearly 100 percent.

There has been a recent trend of lessors purchasing aircraft from either airlines or manufacturers, and lease to the carriers, which favor fewer assets and debts.

Global aviation passenger numbers grow at more than 5 percent annually, according to the International Air Transport Association, creating aircraft demand.

Martin assures that the largest listed Asia-based aircraft lessor would have sustainable profit growth after 23 years of continuous earnings since establishment.


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