Singapore-based lessor BOC Aviation posted a 2016 net profit of $418 million, up 21.9% from the company’s $343 million in net profit for 2015. BOC’s revenues for the year totaled $1.2 billion, up 9.3% over $1.1 billion in revenue for 2015. Operating costs increased 4.2% in 2016 to $719 million, compared to $690 million in 2015, partly because of $3 million in expenses relating to BOC’s initial public offering (IPO) in June 2016, according to BOC CFO Phang Thim Fatt. The ...

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