Leasing firm soars with pre-tax profits of $32.7m

The aircraft leasing firm at the centre of the biggest deal in Irish corporate history recorded pre-tax profits of $32.7m (€24m) last year.

The Dublin-based SMBC Capital Aviation Ltd — formerly RBS Capital Aviation Ltd — was last year purchased by Japan’s second-biggest bank, Sumitomo Mitsui for over $7.3bn (€5.8bn) from RBS.

The firm is one of the top five commercial airline lessors worldwide by scale and new figures show the firm recorded pre-tax profits of $32.7m in the three months to the end of Mar 31 last.