BOC Aviation announces operational highlights for 2018

    BOC Aviation reported (11-Jan-2019) the following operational highlights for 4Q2018 and 2018:

    • A total fleet of 511 aircraft owned, managed and on order;
    • An average aircraft age of 3.0 years and an average remaining lease term of 8.3 years for the 303 owned aircraft fleet, weighted by net book value;
    • Order book of 183 aircraft;
    • Took delivery of 19 aircraft in 4Q2018, and 55 (including five acquired by airline customers on delivery) in 2018;
    • Signed 27 lease commitments in 4Q2018, bringing the total for 2018 to 92;
    • Customer base of 93 airlines in 37 countries and regions in the owned and managed portfolios;
    • Sold seven owned aircraft in 4Q2018, including one aircraft subject to finance lease, which brought the total number of owned aircraft sold during the year to 34. Additionally, seven managed aircraft were sold in 2018 on behalf of third party investors;
    • Managed fleet comprised 25 aircraft;
    • Aircraft utilisation at 99.9% for the year ended 31-Dec-2018.