Pre-tax profits drop at O’Brien’s aircraft firm

PRE-TAX profits at Denis O’Brien’s Dublin-based aircraft leasing company Aergo Capital Ltd dropped by 69% to $2.6 million (€1.9m) last year.

The company and subsidiaries sustained the drop in profits in spite of revenues increasing threefold from $49.2m in 2008 to $150.6m to the end of December last.

According to the directors, they “are satisfied with the level of business and year end financial position”.