BOC Aviation has reported profit before tax of US$775 million and net profit after tax of US$702 million for the full-year ended December 31, 2019, both increasing by 13% year-on-year. The company delivered a return on equity of 16.0%, exceeding its average return on equity of 15.1% since 2007.
The company achieved a strong result in 2019, ending the year with a solid balance sheet, and as of today, has more than US$5 billion in available liquidity, positioning the company well to meet new challenges and pursue new opportunities in 2020.
In January 2020 BOC Aviation announced an order for 20 Airbus A320neo aircraft – starting the year strongly, and in March 2020 committed to acquire 22 new Boeing 787-8 aircraft for lease to American Airlines. As at March 11, 2020, the company had a total fleet of 561 aircraft comprising 316 owned, 40 managed, and 205 aircraft on order.
