BOC Aviation reports half year 2018 performance

BOC Aviation earned a net profit after tax of US$297 million during the first six months of 2018, which was up 24% compared with the same period last year. Revenue rose 23% from US$670 million to US$825 million, reflecting 19% growth in total assets to US$17.1 billion as at 30 June 2018, as compared with 30 June 2017. Net book value of our fleet grew to US$14.3 billion as the company continued with its “disciplined aircraft investment programme,” said Robert Martin, Managing Director and Chief Executive Officer. During the reporting period, the lessor reports strong liquidity with US$411 million in