BOC Aviation, a Singapore-based aircraft leasing firm owned by Bank of China , said on Friday its net profit rose 22 percent to a record high of US$168 million last year, helped by the acquisition of new aircraft and a recovery in the industry.
"We were prepared for the upturn of the industry," BOC Aviation CEO Robert Martin said in a statement. "Airlines have rebounded strongly from the crisis of the previous two years and made 2010 the most profitable year in airline history."
BOC Aviation had a portfolio of 166 aircraft at the end of 2010. It has an order book of 65 aircraft with a further four aircraft due to be acquired in 2011, it said.
"We were prepared for the upturn of the industry," BOC Aviation CEO Robert Martin said in a statement. "Airlines have rebounded strongly from the crisis of the previous two years and made 2010 the most profitable year in airline history."
BOC Aviation had a portfolio of 166 aircraft at the end of 2010. It has an order book of 65 aircraft with a further four aircraft due to be acquired in 2011, it said.
