Aircraft lessor BOC Aviation reports US$620m incomeBusiness | 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.