BOC Aviation reports solid earnings for 2021

BOC has reported total revenues and other income of US$2.2 billion in 2021, up 6% year-on-year, while total assets were US$23.9 billion as at 31 December 2021, from US$23.6 billion as at 31 December 2020. BOC Aviation notes that it has continued to generate robust operating cash flows net of interest of US$1.3 billion, which maintained a similar level to 2020. Robert Martin, Managing Director and Chief Executive Officer, said: “As the world commenced its recovery from the downturn, BOC Aviation’s 2021 earnings rose in line with better airline customer cashflows and rising activity levels across the aviation industry. In