BOC Aviation announces operational transactions for second quarter ended June 30, 2019

During the second quarter 2019 BOC Aviation has delivered a total fleet of 499 aircraft owned, managed and on order. The average aircraft age was 3.1 years and the average remaining lease term was 8.2 years for the 314 owned aircraft fleet, weighted by net book value. At the end of the second quarter BOC Aviation had an order book of 162 aircraft and took delivery of 14 aircraft (including two acquired by airline customers on delivery).

18 aircraft scheduled for delivery in the first half of 2019 were delayed, comprising 12 Airbus aircraft delayed primarily due to industrial constraints and six Boeing aircraft delayed primarily due to the 737 MAX grounding. BOC Aviation has signed 32 lease commitments during the second quarter and had a customer base of 92 airlines in 40 countries and regions in the owned and managed portfolios.

BOC Aviation has sold eight owned and two managed aircraft and has managed a fleet comprising of 23 aircraft. Furthermore BOC Aviation repossessed five owned and three managed aircraft from airlines that had ceased operations and delivered all eight aircraft to new customers.

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