BOC Aviation reports first half 2015 performance

BOC Aviation reported financial results for the six months ended June 30th 2015. The company reported net profit after tax of US$171m, a year-on-year increase of 5%, while total revenue rose 3% to US$535m and total assets rose 5% to US$12bn. BOC Aviation maintained strong liquidity with US$477m in total cash and fixed deposits, and more than US$2.6bn in committed revolving debt facilities. BOC Aviation has a portfolio of 256 aircraft, comprising 236 owned and 20 managed aircraft, leased to 61 airlines in 30 countries and added two new airline customers. The comapany signed 12 leases, delivered 18 aircraft to lessees, sold 12 aircraft, 11 owned and 1 managed and has 195 aircraft on order with scheduled deliveries through to 2021.