BOC Aviation Limited (HKEX Code: 2588, “BOC Aviation”) announces its operational transactions for the quarter ended 31 March 2018 and as at 31 March 2018:

Transactions Summary
・ A portfolio of 321 owned and managed aircraft, with an average aircraft age of 3.1 years and an average remaining lease term of 8.1 years for owned aircraft fleet, weighted by net book value
・ Order book of 167 aircraft1
・ Took delivery of 12 aircraft
・ Signed 14 leases
・ Customer base of 82 airlines in 33 countries and regions in the owned and managed portfolios
・ Sold eight owned aircraft
・ Managed fleet comprised 30 aircraft
・ The total number of aircraft scheduled to be delivered in 2018 is 54, including five that we expect airline customers to acquire on delivery, all of which have been committed for lease2
・ Aircraft utilisation at 100%

Notes:

1. Includes all commitments to purchase aircraft including those where an airline customer has the right to acquire the relevant aircraft on delivery
2. Excludes three A320CEO family aircraft ordered subsequent to 31 March 2018 and scheduled for delivery in December 2018
3. Includes one aircraft subject to finance lease

Certain airline customers have notified us of their intention to acquire on delivery a total of 10 of our aircraft on order (including five scheduled for delivery in 2018), comprising two Airbus A320NEO family aircraft, two Airbus A330NEO family aircraft and six Boeing 787 family aircraft.

Of our orderbook only two US-manufactured aircraft are committed for lease to Chinese customers and both are scheduled for delivery in June 2018.

Aircraft net book value by region4 as at 31 March 2018

4. Based on the jurisdiction of the primary obligor under the relevant operating leases. Includes aircraft held for sale and excludes one aircraft subject to finance lease
   

Shareholders and potential investors are reminded that the above operational data are based on the Company’s records and have not been audited or reviewed by the Company’s auditors.