BOC Aviation Announces Operational Data for the Year Ended 31 Dec 2016

Published on : Thursday, January 12, 2017

BOC aviationBOC Aviation Limited announces its operational transactions as at 31 December 2016:

Transactions Summary
Commenting on the operating results for 2016, Robert Martin, Managing Director and Chief Executive Officer, said “we finished 2016 with strong momentum, deploying all of our IPO proceeds in the fourth quarter of the year. We delivered five incremental widebodies under a purchase and lease back with Air China that included taking delivery of our 250th aircraft from Airbus. In addition, we pipelined incremental business for 2017 with the six A350 aircraft acquired under a purchase and lease back agreement with Qatar Airways and 10 additional A320 family aircraft acquired for delivery onto our orderbook in 4Q2017.”


Key features of 2016 included:
•    A portfolio of 284 owned and managed aircraft, with an average aircraft age of 3.2 years and an average remaining lease term of 7.3 years for owned aircraft fleet, weighted by net book value
•    Order book of 199* aircraft
•    Took delivery of 67 aircraft (including 11 acquired by airline customers on delivery) in 2016
•    Signed 79 leases in the year ended 31 December 2016
•    Customer base of 68 airlines in 32 countries in the owned and managed portfolios
•    Sold 37 owned and one managed aircraft in 2016
•    Managed fleet comprised 38 aircraft
•    The number of new aircraft delivering in 2017 has increased to 71, of which 86% are now placed with lessees
•    Aircraft utilisation maintained at 100% for the year ended 31 December 2016



Shareholders and potential investors are reminded that the above operational data for the fourth quarter and full year ended 31 December 2016 are based on the Company’s records and have not been audited or reviewed by the Company’s auditors.

Source:- BOC Aviation


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