Aircraft firm, Dublin Aerospace, profits double last year

Pre-tax profits at aircraft maintenance company Dublin Aerospace last year almost doubled to €3.07m, new figures show.

Newly filed accounts for the company, which was founded by former Ryanair executive Conor McCarthy, show the business recorded an 85% jump in pre-tax profits as revenues increased by 13% to €43.54m.

“The increase in turnover was principally accounted for by higher volumes in aircraft overhaul activity but turnover in each business unit increased year-on-year,” the company’s management said in the accounts.