BOC AVIATION (02588) achieved a 100% utilization rate for its own aircraft in the first quarter.

BOC AVIATION (02588) announced the operating transaction situation for the first quarter ending March 31, 2025. General Manager and CEO Steven Townend stated: "Building a robust aircraft delivery pipeline is the foundation for achieving our capital expenditure targets. In the first quarter of this year, we committed to adding 125 new aircraft, bringing the total number of committed aircraft to 346, a historical high, laying a solid foundation for business growth. In other areas, our aircraft utilization rate reached 100% for the first time in five years, reflecting the continued strong demand for aircraft in the market." Portfolio and transaction summary: The portfolio consists of a total of 829 self-owned, managed, and ordered aircraft and engines. The average age of the 442 self-owned aircraft is 5.1 years, with an average remaining lease term of 7.9 years. The managed fleet includes 32 aircraft. The order book includes 346 aircraft. The customer base for self-owned and managed fleets covers 93 airlines from 48 countries and regions. The utilization rate of self-owned aircraft reached 100% for the quarter ending March 31, 2025. In the first quarter of 2025, a total of 158 transactions were executed, including: commitment to purchase 125 aircraft; delivery of 11 aircraft; sale of 4 self-owned aircraft and 1 engine; 16 lease commitments. Raised $500 million in a 3-year bond with a coupon rate of 4.750%.