BOC Aviation posts financial year 2014 results

BOC Aviation reported that net profit after tax was US$308.6m, an increase of 11% over the prior year, increasing total equity to US$2.1bn. Total revenue was US$988.4m, reflecting 8% year-on-year growth and total assets grew 12% to US$11.4bn at year-end. BOC Aviation reported US$367.4m in total cash and fixed deposits, and more than US$2.4bn in committed revolving debt facilities. The company had a portfolio of 250 aircraft for the year ended December 31st, comprising 230 owned and 20 managed aircraft, leased to 60 airlines in 31 countries.