BOC Aviation : OPERATIONAL DATA FOR THE FIRST QUARTER ENDED 31 MARCH 2021
April 08, 2021 at 11:18 am
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BOC AVIATION LIMITED
中 銀 航 空 租 賃 有 限 公 司 *
(Incorporated in the Republic of Singapore with limited liability)
Stock Code: 2588
OPERATIONAL DATA FOR
THE FIRST QUARTER ENDED 31 MARCH 2021
BOC Aviation Limited (the "Company") announces its operational transactions for the quarter ended
31 March 2021 and as at 31 March 2021:
Transactions Summary
A total fleet of 549 aircraft owned, managed and on order1,2, with our owned and managed portfolio exceeding 400 aircraft for the first time
An average aircraft age of 3.6 years and an average remaining lease term of 8.5 years for the 366 owned aircraft fleet, weighted by net book value
Order book of 144 aircraft1,2
Executed a total of 45 transactions in the first quarter of 2021:
Took delivery of 17 aircraft (including three acquired by airline customers on delivery)
Sold six owned and one managed aircraft
Committed to purchase eight Airbus A320NEO aircraft
Signed 13 lease commitments
Customer base of 86 airlines in 38 countries and regions in the owned and managed portfolios
Managed fleet comprised 39 aircraft, with three single aisle aircraft off lease
Owned aircraft utilisation at 99.8% for the quarter ended 31 March 2021, with two single aisle aircraft off lease
For identification purpose only
1
Portfolio as at 31 March 2021
Owned
Managed
Aircraft
Aircraft Type
Aircraft
Aircraft
on Order1,2
Total
Airbus A320CEO family
108
15
0
123
Airbus A320NEO family
72
0
59
131
Airbus A330CEO family
12
2
0
14
Airbus A330NEO family
4
0
2
6
Airbus A350 family
9
0
0
9
Boeing 737NG family
78
15
0
93
Boeing 737 MAX family
34
0
58
92
Boeing 777-300ER
24
4
3
31
Boeing 777-300
0
1
0
1
Boeing 787 family
20
1
22
43
Freighters
5
1
0
6
Total
366
39
144
549
Notes:
Includes all commitments to purchase aircraft including those where an airline customer has the right to acquire the relevant aircraft on delivery.
On 10 March 2020, we announced an agreement to purchase 22 Boeing 787-8 aircraft for delivery in 2020 and 2021. In March 2021, we amended the agreement to extend the delivery period for the undelivered aircraft to 2023 and to convert five of the undelivered aircraft to the Boeing 787-9 variant.
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.
By Order of the Board
BOC Aviation Limited
Zhang Yanqiu Juliana
Company Secretary
Hong Kong, 8 April 2021
As at the date of this announcement, the Board of Directors of the Company comprises Mdm. Zhang Xiaolu as Vice Chairman and Executive Director, Mr. Robert James Martin as Executive Director, Mr. Li Mang, Mr. Liu Chenggang, Mr. Wang Zhiheng and Mdm. Zhu Lin as Non-executive Directors and Mr. Dai Deming, Mr. Fu Shula, Mr. Antony Nigel Tyler and Dr. Yeung Yin Bernard as Independent Non-executive Directors.
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BOC Aviation Ltd. published this content on 08 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 April 2021 10:17:04 UTC.
BOC Aviation Limited is a Singapore-based aircraft-operating leasing company. The Company is focused on purchasing new, fuel-efficient, in-demand aircraft directly from aircraft manufacturers, financing those aircraft purchases efficiently, and placing the aircraft on long-term operating leases with a diversified customer base. It owns and manages a fleet of 635 aircraft. It holds a customer base of 91 airlines in 45 countries and regions in the owned and managed portfolios. It offers services to airlines and aircraft owners, including direct operating leases, sale and leaseback facilities and third-party asset management. It also provides aircraft remarketing and technical management services to airlines, banks and other investors. Its aircraft portfolio includes Airbus A320CEO family, Airbus A330CEO family, Airbus A320NEO family, Airbus A330NEO family, Airbus A350 family, Boeing 737NG family, Boeing 737 MAX family, Boeing 777-300ER, Boeing 787 family, and Freighters.
BOC AVIATION LIMITED 
