Profits fall at O’Brien-owned firm

AN AIRCRAFT leasing company owned by Denis O’Brien saw profits fall by close to a third last year.

Accounts just filed at the Companies Registration Office show Aergo Capital’s profits dropped from $3.6 million (€3m) to $2.49m (€2.1m).

In a note to the accounts, the Dublin-based company’s directors said they were “pleased with the level of business and year-end financial position, in what continues to be a difficult period for the airline industry”.