Bank of China Aviation Leasing (02588) announced that for the quarter ended September 30, 2023, the total number of owned, managed and ordered aircraft was 681; the self-owned fleet had a total of 413 aircraft. The average aircraft age after net book value was 4.8 years and the average remaining lease period was 7.8 years; the managed fleet included 35 aircraft; and the order book included 233 aircraft.
A total of 124 transactions were executed in the third quarter of 2023, including commitments to purchase 41 aircraft; delivery of 11 aircraft; and signing of 62 lease commitments.
As of September 30, 2023, the utilization rate of owned aircraft has increased to 99.1%.