BOC Aviation hits new records in 2014

For the 12 months to end December 2014, BOC Aviation posted a 11% increase in net profit after tax to US$308.6 million, increasing total equity to US$2.1 billion. Total revenue was US$988.4 million, reflecting 8% year-on-year growth. Total assets grew 12% to US$11.4 billion at year-end. The Singapore-based lessor maintained strong liquidity with US$367.4 million in total cash and fixed deposits, and more than US$2.4 billion in committed revolving debt facilities. BOC Aviation also maintained investment grade credit ratings from Fitch Ratings and Standard & Poor’s of A- and BBB, respectively Robert Martin, Managing Director and Chief Executive Officer, said,