Aircraft lessor BOC Aviation reports US$620m income

Business | 13 Mar 2019 6:33 pm

Global aircraft operating leasing company, BOC Aviation (2588) reported profit before tax increased by 24 percent to US$685 million for the full year in 2018, from the year before, while net profit was US$620 million.

Total revenues and other income grew by 23 percent year-on-year, to US$1.72 billion.

Earnings per Share were US$0.89.

The bard recommended a final dividend for 2018 of US$0.1845 per share.

BOC Aviation said it had a fleet of 511 aircraft owned, managed and on order, with an average aircraft age of 3 years and an average remaining lease term of 8.3 years for the 303 owned aircraft fleet. It leased aircraft to 93 airlines in 37 countries and regions.

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