BOC Aviation reports 17% increase in profits for 2019 

BOC Aviation reported a profit before tax of US$775 million and a net profit after tax of US$702 million, both increasing by 13% year-on-year in its 2019 results, which were published today. Robert Martin, managing director and chief executive officer at BOC Aviation said in a statement accompanying the results that the firm has delivered a return on equity of 16.0%, exceeding its average return on equity of 15.1% since 2007 on total earnings of US$1,976 million. In January 2020 BOC announced an order for 20 Airbus A320NEO aircraft, and in March 2020 it committed to acquire 22 new Boeing