SINGAPORE: BOC Aviation Pte Ltd, a Singapore-based aircraft leasing firm owned by Bank of China Ltd , said its net profit rose 12 percent to a record $225 million last year, boosted by new plane deliveries and a strong order pipeline.
Airlines and leasing firms in Southeast Asia are expected to take delivery of about 175 planes over the next two years, accounting for one-third of all deliveries in the Asia-Pacific region, aviation data provider Ascend Online Fleets says.
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