Group 1 - The core viewpoint of the news is that Bohai Leasing reported significant revenue growth in the first three quarters of the year, driven by aircraft sales and leasing, despite a one-time impairment loss affecting net profit [2] - Bohai Leasing achieved operating revenue of 40.284 billion yuan, a year-on-year increase of 60.58% [2] - The company reported a net profit attributable to shareholders of -1.372 billion yuan, but after excluding the impairment impact, the net profit was 1.904 billion yuan, reflecting a year-on-year growth of 19.75% [2] Group 2 - The growth in operating revenue was primarily due to increased income from aircraft sales and leasing, with the aviation industry facing supply chain shortages and an active aircraft sales market [2] - Avolon, a subsidiary of Bohai Leasing, completed the sale of 15 aircraft and has 60 aircraft agreed for sale but not yet delivered as of the end of the third quarter [2] - The global demand for air passenger transport has remained strong since 2025, contributing to high aircraft market values, leasing rates, and renewal rates [2] Group 3 - Cirium's latest fleet forecast indicates that 46,500 aircraft will be delivered globally over the next 20 years, with a total value of 3.4 trillion USD, presenting growth opportunities for Bohai Leasing [3] - Avolon signed a procurement agreement with Airbus for 75 A321neo and 15 A330neo aircraft, expected to be delivered by the end of 2033 [3] - Avolon’s fleet size reached 1,159 aircraft, including 522 on order, making it the leasing company with the most aircraft orders [3] Group 4 - Credit ratings for Avolon were upgraded by Fitch and Moody's, with Fitch raising the issuer rating from "BBB-" to "BBB" and Moody's from "Baa3" to "Baa2," both with stable outlooks [3] - S&P also improved Avolon's rating outlook from "stable" to "positive" while maintaining a "BBB-" issuer rating [3]