Aircraft Orders & Deliveries
BOC Aviation Reports 100% Fleet Utilization and Portfolio Growth in 2025
BOC Aviation achieved 100% fleet utilization, increased deliveries by 34%, and expanded its order book by 45% in 2025 despite supply chain challenges.

This article is based on an official press release from BOC Aviation.
BOC Aviation Reports Record Transaction Volume and 100% Fleet Utilization in 2025
BOC Aviation Limited (HKEX: 2588) has released its operational statistics for the fourth quarter and full year ended December 31, 2025, revealing a period of aggressive expansion and high efficiency. According to the company’s latest data, the lessor achieved a 100% utilization rate for its owned fleet and executed one of the largest volumes of annual transactions in its history, despite ongoing global supply chain challenges.
The Singapore-based lessor reported a total portfolio of 815 aircraft, a significant 15% increase from the 709 aircraft reported in 2024. This growth was driven primarily by a massive surge in the company’s order book, signaling a strategic move to secure future delivery slots in a supply-constrained market.
Operational Surge Amidst Industry Headwinds
The operational update highlights a distinct “growth-on-offense” strategy. While major Manufacturers Boeing and Airbus faced continued delivery delays throughout 2025, BOC Aviation successfully increased its aircraft deliveries by 34% year-over-year. The company took delivery of 51 aircraft in 2025, up from 38 in the previous year.
Steven Townend, CEO and Managing Director of BOC Aviation, commented on the company’s performance in the official release:
“In 2025, we delivered a strong operational performance, executing one of our largest ever volumes of transactions… We added 160 aircraft purchase commitments to our orderbook and reinforced our position as one of the top five global aircraft lessors.”
Transaction and Commitment Volume
The data indicates a sharp pivot toward future-proofing the lessor’s pipeline. In 2025, BOC Aviation signed purchase commitments for 160 aircraft. This represents a 240% increase compared to the 47 commitments signed in 2024. Consequently, the company’s order book has expanded by 45%, growing from 232 aircraft to 337.
Total transaction activity for the year included:
- 333 total transactions executed (66 in Q4 alone).
- 74 lease commitments signed.
- 35 owned aircraft sold as part of portfolio management.
Fleet Composition and Financial Strength
As of December 31, 2025, BOC Aviation’s fleet maintains a young and fuel-efficient profile, a critical factor for airline customers facing high operating costs. The owned fleet comprises 451 aircraft with an average age of 5.0 years and an average remaining lease term of 7.8 years. The managed fleet stands at 16 aircraft.
The company also reported a robust liquidity position, having raised over US$4 billion in funding throughout 2025. This capital raising supports the expanded order book and delivery schedule outlined in the operational report.
AirPro News Analysis
The metrics released by BOC Aviation reflect a broader shift in the aviation finance sector. The achievement of a 100% utilization rate, up from 99% in 2024, underscores the severity of the current capacity shortage. With airlines unable to secure enough new metal directly from OEMs due to production backlogs, lessors with available inventory or secured delivery slots are seeing maximum placement efficiency.
Furthermore, the aggressive jump in purchase commitments (160 units) suggests that BOC Aviation is betting on a prolonged period of supply scarcity. By locking in delivery slots now, the lessor is effectively cornering future capacity for the late 2020s, positioning itself to command premium lease rates as airline demand continues to outstrip manufacturing output.
Summary of Key Figures (FY 2025 vs FY 2024)
The following data points summarize the year-over-year changes reported by BOC Aviation:
- Total Portfolio: 815 (up from 709).
- Order Book: 337 (up from 232).
- Deliveries: 51 (up from 38).
- Purchase Commitments: 160 (up from 47).
- Utilization Rate: 100% (up from 99%).
The company serves a customer base of 87 airlines across 46 countries and regions, further diversifying its risk exposure while capitalizing on global travel demand recovery.
Sources
Photo Credit: BOC Aviation
Aircraft Orders & Deliveries
Airbus and Lufthansa Mark 50 Years at ILA Berlin 2026
Airbus and Lufthansa signed an A220 component services deal at ILA Berlin, marking 50 years of partnership and a 700th delivery milestone.

Airbus SE and Deutsche Lufthansa AG formalized a new component services agreement for the airline’s Airbus A220 fleet during the ILA Berlin Air Show on June 10, 2026, marking the 50th anniversary of their commercial partnership.
The agreement, detailed in a Lufthansa Group press release, coincides with the European manufacturers preparing to deliver its 700th aircraft to the German airline group later this year. The half-century relationship began in 1976 with the delivery of Lufthansa’s first Airbus A300, establishing a foundation that has seen the carrier take delivery of more Airbus Commercial-Aircraft than any other operator globally.
Fleet expansion and the 700th delivery milestone
The upcoming Delivery of the 700th Airbus aircraft, scheduled for late 2026, highlights a sustained period of fleet renewal for the Lufthansa Group. In May 2026, the operator expanded its long-haul commitments by placing a firm Orders for 10 additional Airbus A350-900 aircraft.
This recent acquisition brings Lufthansa’s total A350 order book to 75 airframes, which includes the upcoming A350-1000 variant. The Airlines currently operates 43 A350-900s across its global network.
“Today, we are working together towards the delivery of the 700th aircraft for the Lufthansa Group which is scheduled for later this year. This major milestone is just one example of how Airbus and Lufthansa jointly worked on making aviation one of the key industries for Germany,” said Lars Wagner, CEO of Commercial Aircraft at Airbus.
Strategic agreements and ILA Berlin presence
Beyond the ceremonial milestones at the ILA Berlin Air Show, the two aviation companies signed new strategic cooperation agreements. Central to these is a comprehensive component services contract covering Lufthansa’s entire Airbus A220 fleet, ensuring long-term maintenance and parts support for the narrowbody aircraft. The partners also reaffirmed joint commitments to sustainable aviation initiatives, building on previous collaborations such as the deployment of the drag-reducing SharkSkin aircraft coating.
Lufthansa Group CEO Carsten Spohr emphasized the historical depth of the collaboration, noting the airline’s role as a launch customer for numerous Airbus models developed in Toulouse and Hamburg.
“We intend to build on this foundation together to further advance aircraft technology and expand Europe’s leading role in the aviation sector,” Spohr stated.
The anniversary was visually commemorated at the air show with a Lufthansa Airbus A320neo, registered D-AING, featuring a special 100th-anniversary livery. The aircraft displays an oversized crane logo on a blue fuselage, celebrating the centennial of the original Lufthansa airline’s founding.
AirPro News analysis
We view the 50-year milestone as more than a ceremonial marker; it underscores the deeply intertwined industrial strategies of Airbus and the Lufthansa Group. By securing a comprehensive component services agreement for the A220 fleet, Airbus continues to expand its footprint in the lucrative aftermarket sector, ensuring revenue streams that extend decades beyond the initial airframe delivery. Lufthansa’s consistent role as a launch customer and its steady stream of widebody orders, including the recent top-up of A350-900s, provides Airbus with critical production stability in the twin-aisle market. The relationship remains a foundational pillar for European aerospace manufacturing.
Sources: Lufthansa Group
Photo Credit: Lufthansa Group
Aircraft Orders & Deliveries
Aviation Capital Group Moves HQ to Newport Beach in 2026
ACG relocates to a LEED Gold facility in Newport Beach as it extends a $3.1B credit line and manages a 121-aircraft 737 MAX backlog.

Aviation Capital Group LLC (ACG) has relocated its global headquarters to a modernized facility in Newport Beach, California, upgrading the corporate footprint of the largest full-service aircraft lessor headquartered in the Americas.
In a press release issued on June 15, 2026, the company confirmed its move to the 16th floor of 520 Newport Center Drive. The transition keeps ACG in the city where it was founded in 1989, while shifting operations to a LEED Gold and ENERGY STAR certified building designed to support the lessor’s broader sustainability initiatives.
Maintaining a Newport Beach legacy
The relocation marks the first major headquarters move for the Tokyo Century Corporation subsidiary since it occupied its previous office space in 2014. While the company maintains a significant international presence with offices in Miami, Dublin, and Singapore, executive leadership emphasized the strategic and historical importance of remaining in Southern California.
“As the largest full-service aircraft lessor headquartered in the Americas, our relocation to 520 Newport Center Drive marks an exciting next chapter for ACG. This move gives our team a workplace that supports how we work today, while positioning us for the next phase of growth and reinforcing our continued commitment to serving airline customers around the world.”
Thomas Baker, Chief Executive Officer and President of ACG, noted in the release that Newport Beach remains central to the company’s identity despite its global reach. As of March 31, 2026, the lessor’s portfolio included approximately 500 owned, managed, and committed aircraft leased to roughly 90 airlines across 50 countries.
Fleet expansion and financial restructuring
The headquarters relocation follows a series of major financial and operational moves by ACG during the first half of 2026. On June 10, 2026, the company announced the amendment and restatement of its senior unsecured revolving credit facility. The agreement extended the final maturity date of the $3.1 billion facility from June 2028 to June 2030, securing long-term liquidity for future aircraft acquisitions.
That financial runway supports an aggressive delivery schedule. On January 13, 2026, ACG finalized a firm order for 50 Boeing 737 MAX jets, split evenly between the Boeing 737-8 and Boeing 737-10 variants. The transaction increased the lessor’s total Boeing 737 MAX order book to 121 aircraft.
Deliveries from that backlog are actively entering service. On March 31, 2026, ACG handed over the first of six new Boeing 737-8 aircraft to Royal Air Maroc, with the remaining five airframes scheduled for delivery to the North African carrier through the end of 2026.
AirPro News analysis
We view ACG’s headquarters relocation as a physical manifestation of its recent stabilization and growth strategy. By securing a $3.1 billion credit extension just days before announcing the move, the lessor has effectively locked in both the capital and the corporate infrastructure required to manage its expanding 121-aircraft Boeing 737 MAX backlog. Upgrading to a LEED Gold facility also aligns with the increasing environmental, social, and governance (ESG) reporting requirements demanded by global financial institutions backing the aviation leasing sector.
Sources: PR Newswire, Aviation Capital Group
Photo Credit: Aviation Capital Group
Aircraft Orders & Deliveries
KLM A350-900 to Launch Without Business Class Cabin
KLM’s first Airbus A350-900 enters service in September 2026 without its World Business Class cabin due to regulatory certification delays.

KLM Royal Dutch Airlines (KL) will introduce its first Airbus A350-900 into commercial service in September 2026 without its new World Business Class cabin available to passengers, following regulatory Certification delays with the seats.
In a press release issued on June 15, 2026, the carrier announced that the aircraft, named “The Night Watch” after the famous Rembrandt painting, is expected to be delivered from Toulouse, France, at the end of August 2026. The delivery marks the introduction of the Airbus A350 into the KLM fleet as part of a broader €7 billion fleet renewal program.
Regulatory delays impact premium cabin rollout
The airline stated that a “revised interpretation of regulatory requirements by the aviation authorities” has prevented the certification of the World Business Class seats. Neither the specific regulatory agency nor the seat manufacturer was identified in the official announcement.
Consequently, the first two Airbus A350 aircraft will enter service without the 34-seat premium cabin available for booking. The inaugural commercial route is scheduled for Toronto, Canada.
“The seat manufacturer is working hard to complete the certification process as quickly as possible and make this cabin class available to customers at the earliest opportunity,”
the airline stated regarding the ongoing certification efforts.
Fleet renewal and new naming conventions
KLM is introducing a new naming convention for its Airbus A350 fleet based on famous Dutch works of art. “The Night Watch” establishes this new standard, honoring the historical Dutch artist Rembrandt van Rijn.
The Airbus A350-900 is configured with 331 total seats, comprising 34 in World Business Class, 26 in Premium Comfort, and 271 in Economy Class. The arrival of the A350 is a long-awaited milestone for KLM. While the Air France-KLM group placed orders for the aircraft type years ago, previous deliveries were allocated exclusively to Air France.
The €7 billion renewal program includes the Airbus A350F for cargo operations, the Embraer 195-E2 for the regional KLM Cityhopper subsidiary, the Boeing 787 for intercontinental routes, and the Airbus A321neo for European networks. KLM currently operates 16 Airbus A321neo aircraft.
AirPro News analysis
We note that entering a flagship long-haul aircraft into service without its premium cabin represents a significant revenue deferral on early routes like the planned Toronto service. The omission of the specific aviation authority and seat manufacturer in the official statement leaves the exact nature of the certification hurdle unclear. The situation highlights the ongoing supply chain and regulatory friction affecting aircraft interiors across the industry, where seat certification has increasingly become a bottleneck for new aircraft deliveries.
Sources: KLM Newsroom
Photo Credit: KLM Newsroom
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