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 ...

Subscribe to Access this Entire Article

"BOC Aviation posts $418 million net profit for 2016" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.