Aircraft lessor’s 10% fall in profit

Pre-tax profits at a Shannon-based aircraft engine leasing firm fell 10% last year to $45.54m (€36.75m).

Newly-filed accounts for French/US-owned Shannon Engine Support Ltd show the firm’s revenues fell 16% from $124.75m to $104.5m in the year to the end of December, 2013.

The General Electric-part-owned firm last year paid a dividend of $40m, the accounts also show.