BOC Aviation reports steady portfolio growth, record bond spread in Q3 2025
BOC Aviation reported a robust portfolio comprising 812 aircraft and engines owned, managed, and on order as of September 30, 2025. The owned aircraft fleet, totaling 442, boasts an average age of 5.0 years with an average remaining lease term of 7.8 years, maintaining 100% utilization. The managed fleet consisted of 17 aircraft, with the company resigning from servicer obligations for 15 aircraft. The order book stands at 343 aircraft, and the company serves 88 airlines across 46 countries and regions.
During the third quarter, BOC Aviation executed 34 transactions, including commitments to purchase three aircraft, delivery of 11 aircraft, and sales of 10 owned aircraft. The company also secured 10 new lease commitments. Financially, BOC Aviation raised $500m through 5.5-year bonds at a coupon of 4.25% per annum, equivalent to 58 basis points above the 5-year US Treasury, marking its tightest bond spread to date.
The portfolio breakdown reveals the Airbus A320NEO family as the largest component, with 148 owned and 211 on order, totaling 359 aircraft. The Boeing 737-8/9 family follows with 80 owned and 132 on order, bringing its total to 212. Overall, the owned fleet stands at 452 aircraft and engines, complemented by 17 managed and 343 on order.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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