Profits soar at Lyons-founded aviation firm

Profits at the aviation firm established by disgraced businessman and aviation tycoon, Anthony Lyons, soared last year by over €3.55m.

Dublin-based Santos Dumont is celebrating 10 years in business this year and new figures show the business’s two main firms were sitting on combined accumulated profits of €18.92m at the end of June 2013.

Filings just lodged with the Companies Office show the firms’ combined cash pile stood at €12.53m at the end of June last year. Santos Dumont’s business has thrived in spite of negative publicity surrounding Lyons, the firm’s founder.