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April 21, 2020

BOC Aviation chalks up 1,000 leasing deals since it was founded 27 years ago

By Alejandro Gonzalez

BOC Aviation, a global aircraft operating leasing company, has passed a corporate milestone having signed up more than 1,000 lease agreements and has committed to buying over 900 aircraft since the company was founded in 1993.

Free Report
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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Robert Martin, managing director and chief executive of BOC Aviation, 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 of BOC Aviation, said: “Thanks to the efforts of our leasing and sales departments, our current owned portfolio features a young average fleet age of 3.4 years plus a long remaining average lease term of 8.5 years.

“BOC Aviation continues to be a key long-term industry player. We thank all our stakeholders for their support for more than a quarter of a century, and remain committed to continuing to work closely with our customers and other business partners.”

BOC Aviation has a fleet of 567 aircraft owned, managed and on order. Its owned and managed fleet was leased to 92 airlines worldwide in 40 countries and regions as at 31 March 2020.

The business is listed on the Hong Kong Stock Exchange and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin.

BOC Aviation says it benefits from long-term, US dollar-denominated cash flows from a globally diversified airline customer base who lease its aircraft, and from owning assets with values denominated in US Dollars.

In a statement the company said: “Our portfolio of owned aircraft has an average age of less than four years, weighted by net book value, making it one of the youngest in the aircraft operating lease industry.

“We have long-term contracted cash flows, with a weighted average remaining lease term on the owned portfolio of more than seven years.

“We benefit from a low average cost of funds, supported by our strong credit ratings (A- from both Standard & Poor’s and Fitch) and a diversified range of funding sources. We also enjoy strong and committed support from our controlling shareholder, Bank of China.”

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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