Profits soar at aircraft engine leasing firm

Pre-tax profits at a Shannon-based aircraft engine leasing firm last year increased by 49% to $47.68m (€35.3m).

Accounts just filed to the Companies Office show that US-owned Shannon Engine Support Ltd increased its pre-tax profits by $17.68m from $32m to $47.68m in the 12 months to the end of December last.

The increase in profits came as revenues increased by 31% from $95.47m to $124.75m last year.