HSBC 9th Annual China Conference
MAY 2022
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2
1Q 2022 and Recent Developments
STRONG ASSET
QUALITY
- 530 aircraft owned, managed and on order1
- 4.1 years2 average fleet age; 8.2 years2 average remaining lease term
- 96.7% aircraft utilization rate
ROBUST
LIQUIDITY
- US$6 billion of available liquidity
- More than covers 2022 target capex and maturing liabilities
- Well positioned to support future investment
• | Seven aircraft deliveries | |
• 22 lease commitments signed | ||
PROACTIVE | • | Committed to acquire 13 new |
INVESTMENT | aircraft, including 11 Boeing 737 | |
STRATEGY | MAX 8 aircraft for lease to Lynx Air |
A | • A- by S&P Global Ratings |
STRONG CREDIT • A- by Fitch Ratings | |
RATINGS |
FUTURE GROWTH
- Announced the purchase of 80 new Airbus A320NEO family aircraft, scheduled for delivery between 2027 and 2029
- Largest aircraft order in the Company's history
EXPERIENCED
MANAGEMENT AND
OWNERSHIP
• Experienced management
team successfully managed through multiple cycles
- Bank of China provides ongoing support
A strong start to the year with new aircraft purchase commitments for future growth
All data as at 31 March 2022 unless otherwise indicated
See Appendices - Endnotes
3
How We Invest
Number of aircraft delivered, purchased and sold
Global | Opportunistic PLB | |||||
European | ||||||
Financial | acquisitions in the | Covid-19 | ||||
Crisis | Crisis | down cycle | ||||
24 | 19 | 41 | ||||||||||||||||||||||
13 | 16 | 14 | 41 | |||||||||||||||||||||
45 | 27 | (3) | 9 | 22 | ||||||||||||||||||||
16 | 7 | |||||||||||||||||||||||
22 | 17 | 6 | 4 | |||||||||||||||||||||
14 | 18 | 21 | 29 | |||||||||||||||||||||
31 | 58 | 61 | 43 | |||||||||||||||||||||
5 | 48 | 50 | ||||||||||||||||||||||
(5) | 12 | 6 | 5 | 41 | 44 | |||||||||||||||||||
27 | 31 | 23 | 3 | |||||||||||||||||||||
14 | 17 | 22 | 22 | 11 | ||||||||||||||||||||
7 | 7 | |||||||||||||||||||||||
(12) | (12) | (3) | (10) | (10) | (6) | (21) | (30) | (28) | (12) | (23) | (4) | |||||||||||||
(33) | (43) | (37) | (34) | (1) | ||||||||||||||||||||
(7) | ||||||||||||||||||||||||
(3) | ||||||||||||||||||||||||
(5) | (12) | |||||||||||||||||||||||
(11) | ||||||||||||||||||||||||
(10) | ||||||||||||||||||||||||
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | Mar-22 | ||||||||||
High liquidity | Low liquidity | Low liquidity | High liquidity | |||||||||||||||||||||
From orderbook | From PLB | Owned aircraft sold | ||||||||||||||||||||||
Acquired by airline lessee at delivery | ||||||||||||||||||||||||
Investing in aircraft through multiple cycles
All data as at the end of the relevant period
4
Popular and Fuel-Efficient Fleet
-
Announced orders for 80 additional Airbus A320NEO family aircraft on 11 April 2022
Our aircraft portfolio
Aircraft type | Owned aircraft | Managed aircraft | Aircraft on order1 | Total |
Airbus A320CEO family | 102 | 15 | 0 | 117 |
Airbus A320NEO family | 92 | 0 | 33 | 125 |
Airbus A330CEO family | 10 | 1 | 0 | 11 |
Airbus A330NEO family | 6 | 0 | 0 | 6 |
Airbus A350 family | 9 | 0 | 0 | 9 |
Boeing 737NG family | 72 | 14 | 0 | 86 |
Boeing 737 MAX family | 40 | 0 | 55 | 95 |
Boeing 777-300ER | 26 | 4 | 1 | 31 |
Boeing 777-300 | 0 | 1 | 0 | 1 |
Boeing 787 family | 21 | 1 | 21 | 43 |
Freighters | 5 | 1 | 0 | 6 |
Total | 383 | 37 | 110 | 530 |
100% of orderbook comprises latest technology aircraft
All data as at 31 March 2022
See Appendices - Endnotes
5
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BOC Aviation Ltd. published this content on 19 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 03:24:04 UTC.