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BOC Aviation Signs Over 1000 Lease Agreements

: Apr 21, 2020 - : 4:04 am

BOC Aviation Limited announced achieving two major milestones – signing 1,000 lease commitments and committing to purchase more than 900 aircraft since inception.

Robert Martin, Managing Director and Chief Executive Officer, said, “We are extremely proud to celebrate these two achievements in our 27th year of operation, which are testaments to our company’s long and successful history. Attaining these milestones reflects our disciplined investment and counter-cyclical strategy, which have contributed to long-term sustainable returns as we purchase aircraft at competitive prices and place them on long-term leases. To date, we have committed to purchase more than 900 aircraft and signed over 1,000 lease commitments with more than 160 airlines in 57 countries and regions.”

Steven Townend, Chief Commercial Officer, added, “Thanks to the efforts of our leasing and sales departments, our current owned portfolio features a young average fleet age of 3.4 years plus a long remaining average lease term of 8.5 years. BOC Aviation continues to be a key long-term industry player. We thank all our stakeholders for their support for more than quarter of a century, and remain committed to continuing to work closely with our customers and other business partners.”

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