During the third quarter of 2020, ending September 30, BOC Aviation, confirmed that they have a total fleet of 555 aircraft owned, managed and on order, with an average aircraft age of 3.6 years and an average remaining lease term of 8.5 years for the 335 owned aircraft fleet, weighted by net book value. BOC Aviation has 180 aircraft on order.
The Singapore-based leasing company took delivery of six aircraft in the third quarter and signed 13 lease commitments and sold five aircraft during the reporting period.
BOC Aviation now has a customer base of 87 airlines in 39 countries and regions in the owned and managed portfolios. Its managed fleet comprises 40 aircraft, with three single aisle aircraft off lease, one of which has been committed for lease. BOC Aviation’s owned aircraft utilisation is at 99.7%, with two single aisle aircraft off lease of which both have been committed for lease.