BOC Aviation is a top tier global aircraft operating leasing company with industry leading financial metrics. Our core business model is focused on purchasing new, fuel-efficient, in-demand aircraft at competitive prices directly from aircraft manufacturers, financing those aircraft purchases efficiently, placing our aircraft on long-term operating leases with a globally diversified customer base and selling our aircraft to maintain a young fleet. Our aircraft are mobile, can be redeployed throughout the world and have long economic lives. Our portfolio of owned aircraft has an average age of less than four years, weighted by net book value, making it one of the youngest in the aircraft operating lease industry. We have long-term contracted cash flows, with a weighted average remaining lease term on the owned portfolio of more than seven years. We benefit from a low average cost of funds, supported by our strong credit ratings (A- from both Standard & PoorÍs and Fitch) and a diversified range of funding sources. We also enjoy strong and committed support from our controlling shareholder, Bank of China. The company is publicly listed on the Hong Kong Stock Exchange as of 1 June 2016 (stock code 2588HK). To date, BOC Aviation has taken delivery of more than 250 Airbus aircraft and more than 200 Boeing aircraft.