Dublin-based aircraft lessor SMBC Aviation Capital has reported record profits of $344m (€303.6m) for its last financial year. Dublin-based aircraft lessor SMBC Aviation Capital has reported record profits of $344m (€303.6m) for its last financial year. SMBC said its operating income for the last financial year hit $1.1bn (€970m), also a record for the group, which is owned by Japan's Sumitomo Mitsui Financial Group and Sumitomo Corporation. SMBC is the world’s fourth largest aircraft lessor. “Confidence in our strategy was evidenced by our shareholders following a substantial capital raise of $1bn,” he said.

Source: Irish Independent June 11, 2019 07:41 UTC