DUBLIN AEROSPACE MRO ON TARGET FOR A GOOD FISCAL YEAR

Dino D'Amore
By Dino D'Amore December 2, 2010 15:01

DUBLIN AEROSPACE MRO ON TARGET FOR A GOOD FISCAL YEAR

Dublin Aerospace has announced it is on target to beat its first-year targets. Analysts state the aircraft maintenance firm was “close to breakeven” on a monthly basis at the end of its first financial year in October, and also predict it could a trade sale of flotation as early as 2013.

Annualised revenues are at $10 million, with cash balances over $3 million. This and contract wins from Aer Lingus and easyJet are making the company a very attractive to investors.

Dublin Aerospace was founded by former Ryanair executive Conor McCarthy and was aided by the closure of SR Technics’ Dublin-based operations through both staff and equipment.

Dino D'Amore
By Dino D'Amore December 2, 2010 15:01
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