BOC Aviation posts 2015 net profit of US$343m, up 11%

BOC Aviation reported financial results for the year ended December 31st, 2015. Robert Martin, Managing Director and Chief Executive Officer, said: “In 2015, BOC Aviation had another very successful year, with record net profit after tax of US$343m, an 11% increase over 2014. The owned and managed fleet grew to 270 aircraft, and together with 241 aircraft purchase commitments at the year-end, our total fleet was 511 aircraft.” Total revenues and other income rose 10% to US$1.09bn, while total assets grew 9.4% to US$12.5bn at year-end. The company maintained strong liquidity with US$507m in total cash, bank balances and fixed deposits, and more than US$2.7bn in committed revolving credit facilities.