Celtic Helicopters losses up six-fold to €1m

LOSSES at Celtic Helicopters increased more than six-fold last year to almost €1 million.

Accounts filed with the Companies Registration Office by the Dublin-based Celtic Helicopters show the company recorded an after-tax loss of €969,107 in the 12 months to the end of March last year.

The loss sustained represents a 519% increase on the after-tax loss of €156,554 incurred in 2008.