BOC Aviation reports 2018 earnings

Celebrating its 25th anniversary in 2018, BOC Aviation reported profit before tax of US$685 million in 2018, which represented a 24% increase over the previous year, and net profit after tax of US$620 million. The lessor delivered return on equity of 15.5%, above its 12-year average return on equity of 15%. Total revenues and other income rose 23% year-on-year, to US$1,726 million, with total assets up by 14% year-on-year, to US$18 billion. In 2018, BOC Aviation raised US$2.7 billion in new financing and ended the year with a debt to equity ratio of 3.0 times. The lessor maintained strong liquidity