Aircraft leaser’s Irish arm in the red with €66m loss

The Irish arm of aircraft leasing firm, Aercap last year plunged into the red with losses of $75m (€65.89m) in spite of revenues jumping by 30%.

Aercap is the world’s second biggest aircraft leasing firm and earlier this year the firm confirmed that it was moving its Dublin headquarters into a new landmark building facing onto St Stephen’s Green.

Globally, Aercap has assets of almost $40bn after its takeover last year of the $7bn International Lease Finance Corporation (ILFC).