BOC Aviation announced it has renewed its US$3.5 billion unsecured revolving credit facility (RCF) from its largest shareholder, Bank of China and has extended its maturity to 13 February 2031. The terms of the new facility continue to provide the company with US$3.5 billion to fund the business’ continued growth.
“This RCF extension reflects the confidence that Bank of China has in the future of our business and underscores the depth of our relationship with our major shareholder,” said Steven Townend, Chief Executive Officer and Managing Director, BOC Aviation. “The facility strengthens our financial flexibility and ensures our access to ample liquidity to support our aircraft investments across the cycle.”
In 2007, Bank of China provided its first US$1 billion RCF to the company. This was increased to US$2 billion in 2009, and to US$3.5 billion in 2020.
BOC Aviation is a global aircraft operating leasing company with a portfolio of 815 aircraft and engines owned, managed and on order. Its owned and managed fleet was leased to 87 airlines in 46 countries and regions worldwide as at 31 December 2025. BOC Aviation is listed on the Hong Kong Stock Exchange (HKEx code: 2588) and has its headquarters in Singapore with offices in Dublin, London, New York and Tianjin.
EirTrade Aviation partners with RESIDCO to acquire A320neos
EirTrade Aviation, the global aviation asset management and trading company headquartered in Dublin, has concluded the acquisition of two A320neos, previously operated by Spirit Airlines, in partnership with Chicago-based aviation and rail lessor, RESIDCO. The aircraft – MSN 10769 and MSN 10921 – are only 4 years and 3.5 years-old respectively and will be the youngest Airbus A320 NEO airframes ever to be torn down. Disassembly will take place in Goodyear, Arizona, and all parts will go to EirTrade’s parts hub in Dallas to support AOG requests across the Americas bolstering EirTrade’s global inventory on the platform.
Bill Thompson, Vice President Origination & Trading for the Americas at EirTrade Aviation, said: “We are focused on newer vintage aircraft to ensure that our inventory contains the highest quality rotables which ensure that our customers can be supported with the latest modification standard components. We have also acquired four sets of in-demand LRU and BFE components from the PW1100 engine type within this significant transaction.”
According to EirTrade, there are currently over 4,400 A320neo aircraft in commercial service with a further 7,200 on order, and this excludes the current in-service fleet of 6,500 CEO aircraft for which many of the components are interchangeable. “Given the size of the fleet and Airbus orderbook, this platform will remain the largest segment of the global commercial fleet with demand for USM increasing accordingly,” says Thompson.
Dave Kolber, Director – Aviation Marketing at RESIDCO, said: “This landmark transaction further reinforces the long-standing collaboration between EirTrade and RESIDCO, built on a history of close cooperation and shared execution of complex, high value aviation asset solutions. RESIDCO’s aviation vertical has a broad mandate to support the aviation ecosystem through commercial aircraft and engine leasing, teardown financing, as well as full motion simulator and general aviation leasing.”
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