2023 a “substantial rebound” for BOC Aviation

BOC Aviation has reported a record net profit of $764 million for the full year 2023 (compared with $20 million in 2022), with total revenue and other incomes rising 7% to $2.5bn during 2023; described as “a substantial rebound” by chairman Liu Jin. Its profit before income and tax was $861 million, with a net profit after tax of $764 million, both up from $29 million and $20 million respectively in 2022. Operating cash flow net of interest rose 8% to $1.6bn during 2023, while a strong liquidity of $5.6bn was split across $392 million in cash and $5.2bn in