BOC Aviation Issues Clarification That All Of Its Expected 2020 Aircraft Deliveries Are Placed On Lease

BOC Aviation Limited (“BOC Aviation” or the “Company”) wishes to clarify that the Company has signed lease agreements in place for all 58 aircraft expected to be delivered to the Company in 2020, as disclosed in the Company’s results announcement dated 11 March 2020.

The total of 58 aircraft includes four aircraft that have already been delivered.  After the Company’s results announcement dated 11 March 2020, the Company announced on 16 March 2020 that an additional six aircraft that are the subject of the purchase and leaseback transaction are expected to deliver in March 2020, and these six aircraft are also subject to long term leases

A research analyst’s report published on 17 March 2020 incorrectly stated a lower number of lease placements for 2020. The Company has requested the analyst in question to correct that report.