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An update from BOC Aviation ( (HK:2588) ) is now available.
BOC Aviation Limited announced its operational transactions for the fourth quarter and the year ending December 31, 2024, highlighting a strategic focus on sustainable growth. The company added 47 new aircraft commitments and delivered 38 aircraft, despite facing supply chain challenges, resulting in a record portfolio of 435 owned aircraft. BOC Aviation successfully maintained an impressive collection rate exceeding 100% and aircraft utilization above 99%, with all its aircraft on lease at year’s end. With a total portfolio of 709 aircraft and engines, the company executed 260 transactions throughout the year, including 118 lease commitments and the sale of 29 owned aircraft, while raising over US$5 billion in funding.
More about BOC Aviation
BOC Aviation Limited, incorporated in the Republic of Singapore, operates in the aviation leasing industry, focusing on the leasing and management of aircraft and engines. The company maintains a diverse portfolio of owned, managed, and ordered aircraft, serving a wide customer base of 92 airlines across 48 countries and regions.
YTD Price Performance: 2.13%
Average Trading Volume: 367
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $5.33B
Learn more about 2588 stock on TipRanks’ Stock Analysis page.
