BOC Aviation reported its unaudited results for the six months that ended on June 30, 2019. Revenue rose 13% year over year from the same time period in 2018.
Robert Martin, BOC managing director and CEO, said, “We have just achieved a major milestone in June 2019 as our cumulative net profit after tax (NPAT) exceeded $4 billion since inception. BOC Aviation reported NPAT of $321 million in the first half of 2019, an increase of 8% compared with the same period last year. Revenue rose 13% to $930 million from $825 million, and our fleet net book value grew 6% to $15.9 billion from December 31, 2018, as we continued to take delivery of modern, fuel efficient aircraft. The 8% rise in the interim dividend declared underpins our continued focus on delivering good long-term returns for our shareholders.”
Other financial highlights from the first half of 2019 included:
Operational transactions and highlights as of June 30, 2019 included:
BOC Aviation is a global aircraft operating leasing company with a fleet of 499 aircraft owned, managed and on order. Its owned and managed fleet was leased to 92 airlines worldwide in 40 countries and regions as of June 30, 2019.
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