Aer Lingus chairman's aircraft leasing firm takes $76.9m hit

Colm Barrington's aircraft leasing company GAHF lost $76.9 million before tax in the last six months of 2011 after booking massive impairments on its fleet.

17th February, 2013

Colm Barrington's Dublin-based aircraft leasing company GAHF (Ireland) Limited lost $76.9 million before tax in the last six months of 2011 after booking massive impairments on its fleet.

The interim result compared to a loss before tax of $11.6 million for the full year to the end of June 2011, according to financial accounts just filed in the companies office for the Aer Lingus chairman's company. GAHF was purchased in October 2011 by Fly Leasing, the New...

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