BOC Aviation has posted that its total revenues and other income rose 13% to $930 million in the first half of 2019.
Its net profit after tax was $321 million, an increase of 8% over the first half of 2018.
The firm says that its portfolio now stands at 499 owned, managed and committed aircraft. Owned fleet of 314 aircraft, with an average age of 3.1 years and an average remaining lease term of 8.2 years, each weighted by net book valueOrderbook of 162 aircraft.
During the period, BOC Aviation took delivery of 25 aircraft, including five acquired by airline customers on delivery, in the first half of 2019
The 18 aircraft scheduled for delivery in the first half of 2019 were delayed, comprising 12 Airbus aircraft delayed primarily due to industrial constraints and six Boeing aircraft delayed primarily due to the 737 Max grounding.
BOC Aviation signed 39 lease commitments in the first half of 2019.
The customer base of 92 airlines in 40 countries and regions in the owned and managed fleetSold 11 aircraft, including two managed aircraft.
Robert Martin, managing director and chief executive officer, said: "Revenue rose 13% to $930 million from US$825 million, and our fleet net book value grew 6% to $15.9 billion from 31 December 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.”