SINGAPORE (Reuters) – Asia’s second-biggest aircraft lessor, BOC Aviation Ltd (2588.HK), posted a 13 percent rise in half-year net profit but its CEO warned of a potential fall in industry yields from next year as lessors globally absorb more aircraft deliveries.
There is going to be some downward pressure,” Chief Executive Robert Martin said in a phone interview with Reuters. “We are pretty much placed for next year already. For us, that will affect us in 2019.
The company, which is based in Singapore but majority owned by Bank of China (601988.SS), reported a net profit of $240 million for the six months ended June 30, up from $212 million a year ago.
Its net lease yield remained steady at 8.5 percent as its fleet of owned and manag…
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