BOC Aviation has announced that it has achieved two major milestones - signing 1,000 lease commitments and committing to purchase more than 900 aircraft since inception.
Robert Martin, chief executive of BOC, 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 at BOC said the firm’s current owned portfolio features an average fleet age of 3.4 years plus a remaining average lease term of 8.5 years.