Haughey-linked helicopter hire business ‘lost €230,000’

THE helicopter hire business part-owned by Ciaran Haughey lost close to €230,000 last year, according to recently filed accounts.

Accounts for Celtic Helicopters, which is jointly-owned by the son of the former Taoiseach Charles Haughey and John Barnicle, show accumulated losses had risen to €387,672 in the year to 31 March 2004.

The company had net assets of just €82,529 at the end of its financial year and cash balances of €129,455.