BOC Aviation, a leading global aircraft operating lessor, celebrated its 30th anniversary in 2023 with record-breaking operational performance across all key metrics.
The company capped off a banner year with exceptional results in the fourth quarter, cementing its position globally and setting the stage for continued growth and industry leadership.
“In 2023, we scaled new heights, finalizing our largest number of transactions to date,” declared Steven Townend, Managing Director and Chief Executive Officer of BOC Aviation.
“With 142 lease commitments, surpassing all previous records, we solidified our standing as a reliable partner for airlines across the globe.”
Highlights of BOC Aviation’s 2023
Transactions: Secured 128 transactions in Q4 and a staggering 348 for the year, eclipsing all prior benchmarks.
Strategic Fleet Expansion: Committed to purchasing 95 new aircraft, bolstering the order book to 224 and laying the groundwork for future balance sheet growth.
Robust Deliveries: Took delivery of 65 aircraft (excluding customer acquisitions), marking the highest figure since 2017.
Financial Fortitude: Raised US$650 million in five-year bonds in Q4, bringing the total funding for the year to over US$4 billion.
Operational Excellence: Owned aircraft utilization climbed to 99%, reflecting robust demand and fleet efficiency.
Global Reach: Expanded its customer base to 91 airlines in 45 countries and regions across the owned and managed portfolios.
Charting the Course Ahead
With a robust aircraft portfolio, a healthy order book, and a proven track record of success, BOC Aviation remains nicely positioned to capitalize on the ongoing aviation industry recovery.
The company’s strong financial foundation and unwavering commitment to operational excellence promise continued growth and leadership in the global aircraft leasing market.
“We are incredibly proud of the milestones we achieved in 2023, a testament to the dedication and expertise of our team,” said Townend.
“As we head into the next chapter, we remain committed to providing our airline customers with the best possible solutions while driving sustainable growth and value for our shareholders.”
2023 has been a windfall year for the aircraft leasing sector, with continued pent-up demand from airlines for both aircraft and capital.
With a clear vision for the future and a proven track record of success, BOC Aviation is poised to continue its upward trajectory and remain a leading player in the global aircraft leasing industry across the coming year.
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