Boc Aviation’s Irish arm in Dublin recorded a pre-tax profit of $308.19m up from $347.3m. Revenue increase from $623.2m to $710.6m.
The company’s profits were boosted by a $258m insurance payment related to aircraft detained in Russia.
The company had a total of 684 aircraft owned and managed and on order at the end of December last year, and a customer base of 91 airlines in 45 countries. Assets increased by 11pc to $5.38bn.
Globally in 2023, Boc Aviation increased revenues by 7pc to $2.6bn and reported a profit of $764m. The company has commitments to purchase 95 aircraft and an order book of 224 aircraft.
Boc’s Irish arm is a subsidiary of a public quoted firm based in Singapore.
