BOC Aviation

#2295

Rank

$5.74B

MarketCap SG

SG Singapore

Country

Summary
BOC Aviation Limited, together with its subsidiaries, operates as an aircraft operating leasing company worldwide. It offers a range of services to airlines and aircraft owners, including direct operating leases, sale and leaseback facilities, and third-party asset management. The company also provides aircraft remarketing and technical management services to airlines, banks, and other investors; arranges debt financing and other financial services for airlines and aircraft investors; and sells aircrafts. As of December 31, 2021, it had a fleet of 521 owned, managed, and on order aircraft. The company was incorporated in 1993 and is headquartered in Singapore. BOC Aviation Limited is a subsidiary of Sky Splendor Limited.

History

The history dates back to 1993 when the company was founded as Singapore Aircraft Leasing Enterprise Pte. Ltd. by Singapore Airlines Limited and Boullioun Aviation Services, Inc., a U.S.-based aircraft operating leasing company. In 1995 acquired its first owned aircraft and in 1996 placed the first order with Airbus. In 1997, the company's shareholder base was broadened when Temasek Holdings Limited and Government of Singapore Investment Corporation Private Limited joined the founders as investors.

In 2000, the company was reported to be the largest customer of the Airbus' single-aisle aircraft in Asia.In July 2004, Singapore Aircraft Leasing Enterprise underwent a change in its shareholder structure, following the transfer of the 35.5% stake held by Seattle-based Boullioun Aviation Services to the US lessor's parent company WestLB AG of Germany. Boullioun was a 100% subsidiary of WestLB from 2001, until 2005 when it was sold to Aviation Capital Group. The remaining ownership then of SALE was unchanged, with Singapore Airlines holding 35.5%, and Singapore government investment agencies GIC and Temasek Holdings each retaining 14.5%.In December 2006, the company was acquired by, and became a wholly owned subsidiary of, Bank of China. At the time, the company was the largest aircraft leasing company in Asia. Following the acquisition the company's name was changed to BOC Aviation Pte. Ltd. in 2007.Bank of China bought the company's shares for US$965 million. Thus, to reflect the change in ownership, the company was renamed BOC Aviation on 2 July 2007.On 12 May 2016, the company was converted to a public company limited by shares and the company's name was changed to BOC Aviation Limited.

On 1 June 2016, the company was listed on the Main Board of the Stock Exchange of Hong Kong.


Mission
BOC Aviation is committed to providing leading-edge operating leasing solutions and services to airline customers, backed by the financial strength, international experience and resources of the Bank of China.

Vision
BOC Aviation strives to be the world’s most reliable, efficient and respected aircraft operating lessor, enabling airline customers and other aircraft owners to maximize the value of their aviation investments.

Key Team

Mr. David Ryan Walton Esq. (Deputy Managing Director & COO)

Ms. Ng Felicia (Chief Accounting Officer)

Mr. David Farrell (Head of Risk Management)

Timothy Ross (Head of Investor Relations)

Mr. John Bloemen (Head of Airline Leasing & Sales - Asia Pacific Middle East)

Mr. Jonathan Mahony LLB (Gen. Counsel)

Mr. Peter Negline (Head of Strategy & Market Research)


Recognition and Awards
BOC Aviation has been awarded a five-star rating in the Airfinance Journal Leasing Awards, as voted by clients and industry professionals. It has also been named 'Airline & Leasing Company of the Year' for four years in a row in the Asiamoney Poll for the Best Managed Companies in Asia.

References
BOC Aviation
Leadership team

Madam Xiaolu Zhang (Deputy MD & Vice Chairman)

Mr. Robert James Martin (MD, CEO & Exec. Director)

Mr. Steven Matthew Townend (Deputy MD & CFO)

Products/ Services
Aerospace, Air Transportation, Sales
Number of Employees
100 - 500
Headquarters
Dublin, Dublin, Ireland
Established
1993
Net Income
500M - 1B
Revenue
Above - 1B
Traded as
2588.HK
Social Media
Sun Mar 03 2024
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