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BOC Aviation Limited — Capital/Financing Update 2018
Jul 9, 2018
50694_rns_2018-07-09_028ce1b5-d2f6-43f4-bf93-7e2bf7802544.pdf
Capital/Financing Update
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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
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BOC AVIATION LIMITED 中銀航空租賃有限公司*
(Incorporated in the Republic of Singapore with limited liability)
Stock code: 2588
OPERATIONAL DATA FOR THE SECOND QUARTER ENDED 30 JUNE 2018
BOC Aviation Limited (the “ Company ”) announces its operational transactions for the second quarter ended 30 June 2018 and as at 30 June 2018:
Transactions Summary
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A portfolio of 324 owned and managed aircraft, with an average aircraft age of 3.0 years and an average remaining lease term of 8.3 years for owned aircraft fleet, weighted by net book value
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Order book of 163 aircraft[1]
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Took delivery of 15 aircraft (including one acquired by an airline customer on delivery)
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Signed 16 lease commitments
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Customer base of 88 airlines in 35 countries and regions in the owned and managed portfolios
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Sold ten owned and one managed aircraft
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Managed fleet comprised 29 aircraft
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The total number of aircraft delivered and scheduled to be delivered in 2018 is 58, all of which have been committed for lease and six of which have been or are expected to be acquired by airline customers on delivery
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Aircraft utilisation at 100%
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For identification purpose only
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Portfolio (as at 30 June 2018)
| Aircraft TypeOwnedAircraft2ManagedAircraftAircraft onOrder1Airbus A320CEO family130113Airbus A320NEO family12058Airbus A330CEO family1260Airbus A330NEO family002Airbus A350 family600Boeing 737NG family10695Boeing 737 MAX family2082Boeing 777-300ER2110Boeing 777-300010Boeing 787 family1013Freighters510Total29529163 | Total14470182612084221146 |
|---|---|
| 487 |
Notes:
1. Includes all commitments to purchase aircraft including those where an airline customer has the right to acquire the relevant aircraft on delivery
2. Includes one aircraft subject to finance lease
Certain airline customers have notified us of their intention to acquire on delivery a total of 14 of our aircraft on order (including five scheduled for delivery in the second half of 2018), comprising six Airbus A320NEO family aircraft, two Airbus A330NEO family aircraft and six Boeing 787 family aircraft.
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Aircraft net book value by region[3] as at 30 June 2018
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----- Start of picture text ----- Americas11.1%Chinese Mainland, HongMiddle East and Kong SAR, Macau SARAfrica and Taiwan12.7% 29.0%Asia Pacific (excludingEurope Chinese Mainland, Hong24.6% Kong SAR, Macau SARand Taiwan)22.6%----- End of picture text -----
3. Based on the jurisdiction of the primary obligor under the relevant operating leases. Includes aircraft held for sale and excludes one aircraft subject to finance lease
Shareholders and potential investors are reminded that the above operational data are based on the Company’s records and have not been audited or reviewed by the Company’s auditors.
By Order of the Board BOC Aviation Limited Zhang Yanqiu Juliana Company Secretary
Hong Kong, 9 July 2018
As at the date of this announcement, the Board of Directors of the Company comprises Mr. Liu Qiang as Chairman and Non-executive Director, Mr. Robert James Martin and Mr. Wang Jian as Executive Directors, Mr. Gao Zhaogang, Mr. Li Mang, Mr. Liu Chenggang and Ms. Zhu Lin as Non-executive Directors and Mr. Dai Deming, Mr. Fu Shula, Mr. Antony Nigel Tyler and Dr. Yeung Yin Bernard as Independent Non-executive Directors.
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