News
BOC Aviation orders six B787-9s
April 6th 2018
Singapore-based lessor, BOC Aviation, has ordered six B787-9 Dreamliners, valued at US$1.69 billion at list prices, with deliveries scheduled for 2018 and 2019. Read More »
The lessor said it had “granted an option to an airline to either take the aircraft on a long term lease from the company or to purchase the aircraft itself at the time of delivery”. BOC did not identify the airline.
BOC’s portfolio includes mainly single aisle aircraft, although the firm also has a single B787-8 in its books and four B787-9s on order for lease to Air Europa from 2019.The latest order for six B787-9s will be financed “through cash on hand, the proceeds of loans or other borrowings by the company and/or cash generated from the company’s business operations”, BOC said.
In its latest transactions, the leasing company delivered the sixth of eight B737-800s to Pobeda Airlines and it handed over the fifth of five A321ceo aircraft to Juneyao Airlines.
In March, BOC reported a 2017 net profit of US$587 million, an increase of 40% over 2016, on revenues and other income of US$1,401 million, up 17% year-on-year. BOC is reporting a portfolio utilisation of 99.8% and cash collection from airline customers of 99.9%.
