BOC Aviation reports record net profit in 2012

BOC Aviation’s net profit after tax for the financial year ended 31 December 2012 was US$225 million, 12% higher than the previous record of US$201 million achieved last year. The company has maintained consistent profitability since it was founded in November 1993. During 2012, BOC Aviation’s total assets increased by 20% to US$9.1 billion from US$7.6 billion, with US$614 million in cash and more than US$2 billion in unutilized committed credit facilities at the year end. During the year, BOC Aviation secured investment grade credit ratings from Fitch Ratings (A-) and Standard & Poor’s (BBB). BOC Aviation took delivery of