BOC Aviation has executed 128 transactions in the fourth quarter of 2023, with a total of 348 in 2023. It also reported it has raised $650 million of five-year bonds in Q4 with total funding for the year reaching over $4 billion.
BOC Aviation made commitments in the fourth quarter to purchase 31 aircraft and took delivery of 39 aircraft. It also sold 15 in the fourth quarter, bringing the total number of aircraft sold for the year to 20. 35 lease commitments were made in the period, totalling 142 for 2023.
"Collections exceeded 100% for a second year running and our aircraft utilisation rate improved to 99% from 96% in 2022, both reflecting the strength of the aviation industry," said BOC Aviation managing director and chief executive order Steven Townend. "Looking ahead, with a strong aircraft portfolio and orderbook, we are confident in meeting our airline customers' needs and maintaining our position as a top five global aircraft operating lessor."