BOC Aviation, an aircraft leasing company based in Singapore, announced that in the first quarter of 2017 it has recorded an order book of 201 aircraft and has taken the delivery of 19 aircraft, including 2 acquired by airline customers on delivery.

BOC Aviation has also signed 31 leases agreement in the first quarter of 2017 and sold six owned aircraft. During the quarter, the lessor has managed a fleet comprised of 36 aircraft.

The total number of aircraft delivering in 2017 has increased to 77, of which 92% have been committed for lease. At the same time aircraft utilization was at 99.3% for the quarter ended 31 March 2017.

A Singapore-based aircraft leasing company BOC Aviation Limited (BOC Aviation) announced that it has purchased two Boeing 747-8 freighter aircraft, valued at $758.2 million. Both aircraft have been committed on long-term leases to AirBridgeCargo Airlines, a Russian international cargo airline and part of Volga-Dnepr Group.

As at the 31st of March 2017, it managed a portfolio of 293 owned and managed aircraft, with an average aircraft age of 3.2 years. At the same time, the average remaining lease term was 7.4 years for owned aircraft fleet, weighted by net book value.

The company now has customer base of 73 airlines in 34 countries in the owned and managed portfolios.

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