SMBC Aviation Capital posts 19% increase in H1 2019 profit before tax

SMBC Aviation Capital has posted $200 million profit before tax in its H1 2019 financial results, up 19% from the $168 million experienced in the corresponding period last year. The group also posted $597.4 million in lease revenue and other operating income, up 13% from the $530 million reported in the same period last year. The group said it was continuing its progress in transitioning to new technology aircraft with its assets valued in excess of $12.4 billion, up 10% from last year where it posted $11.2 billion, this comprised of 237 owned aircraft and pre-delivery payments. It was announced