BOC Aviation had executed a total of 54 transactions in the first quarter of 2024. It includes commitments to purchase 10 aircraft, the delivery of five, sale of four owned and one managed aircraft, and 31 lease commitments. It also raised $500 million of five-year bonds. ""We had a strong start to the year, adding 10 aircraft to 2024’s delivery pipeline and signing 31 lease commitments, the best first quarter since 2020,"" said BOC Aviation CEO and managing director. ""Aircraft sales momentum remains strong and we have sold five aircraft so far in 2024. Meanwhile, our collection rate of 100% reflects the improved financial health of our airline customers and our risk aware culture."" It ended the first quarter with 427 owned aircraft, 229 aircraft on order, and 32 aircraft managed; totalling 688 aircraft. Its customer base consisted of 90 airlines across 45 countries.
BOC Aviation executes 54 transactions in first quarter
