Atlantic Aviation Group ends tough year back in profit

The Shannon-based group — formerly Transaero Engineering — exited examinership earlier this year and new accounts show that it recorded pre-tax profits of €4m in the 16 months to the end of April this year.
The accounts, filed by Atlantic Aviation Group Ltd, show that the group booked a €3.2m gain from a reduction in the amount owed to creditors, and €1.4m from the reduction in the amount owed in bank loans.