BOC Aviation reveals Q2 2019 operational transactions

Darren Wood
By Darren Wood July 30, 2019 08:42

BOC Aviation reveals Q2 2019 operational transactions

BOC Aviation has revealed its operational transactions for the second quarter of 2019.

The firm has a total fleet of 499 aircraft owned, managed and on order, these include a total of 133 Airbus A320ceo, a total of A320neo aircraft and 93 Boeing 737 Max aircraft.

In its report, the firm acknowledged the recent news about Boeing stating that the currently-grounded 737 Max aircraft has been further delayed.

In a statement, BOC Aviation said: “We expect that some or all of our 23 remaining 737 Max aircraft that were scheduled for delivery in 2019 will be delayed out of this year and we are working with Boeing on a revised delivery timeframe.

“We now expect delivery delays could result in up to 30 aircraft being delayed out of 2019, including three for which an airline customer has the right to acquire the aircraft on delivery. These presently comprise up to seven Airbus A320neo aircraft and up to 23 Boeing 737 Max aircraft.”

Elsewhere, the firm had an average aircraft age of 3.1 years and an average remaining lease term of 8.2 years for the 314 owned aircraft fleet.

The customer base consisted of 92 airlines in 40 countries and regions in the owned and managed portfolios.

BOC Aviation sold eight owned and two managed aircraft; as well as repossessing five owned and three managed aircraft from airlines that had ceased operations and delivered all eight aircraft to new customers.

Darren Wood
By Darren Wood July 30, 2019 08:42