Singapore lessor BOC Aviation recorded a 2019 first-half net profit of $321 million, up 8% on the year-ago half. Revenue for the half was up 13% year-over-year (YOY) to $930 million, driven by increases in lease rental income and owned aircraft fleet. BOC’s rental income accounted for almost 90% of the total revenue, and the sale of nine aircraft also contributed to pre-tax gain of $22 million. Costs rose 16.9% to $578 million, primarily because of asset depreciation. The lessor ...

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