BOC Avi­a­tion’s 2016 profit jumps 22pc

New Straits Times - - Business World -

SIN­GA­PORE: Hong Kong-listed air­craft lessor BOC Avi­a­tion Ltd re­ported a 22 per cent jump to record full-year net profit for last year, sup­ported by growth in global air travel, and sig­nalled an up­beat in­dus­try out­look. As air­lines in­creas­ingly opt to lease planes, Asian lessors are in­vest­ing bil­lions of dol­lars to ex­pand, hav­ing won back­ing from cash-rich banks and fi­nan­cial in­vestors. Last year, BOC Avi­a­tion raised US$1.1 bil­lion (RM4.85 bil­lion) in the big­gest ini­tial pub­lic of­fer­ing by an air­craft lessor. Agen­cies

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