Lessor BOC Aviation has reported a net profit of $343m for the year ending December 31, 2015, a year-on-year increase of 11 per cent.
The Singapore-headquartered firm also posted a ten per cent revenue increase of $1bn while its total assets grew by 9.4 per cent to $12.5bn for the year.
In 2015, BOC Aviation’s owned and managed fleet grew to 270 aircraft with an average age of 3.3 years.
Combined with 241 aircraft purchase commitments, it saw its end of year fleet number stand at 511 aircraft.
BOC Aviation’s managing director and CEO Robert Martin described 2015 as a “very successful year” for the firm.