Profits double at rescued plane firm

Pre-tax profits at Shannon-based aircraft maintenance firm, Atlantic Aviation Group, almost doubled, last year, to €1.48m.

Newly-filed accounts for the company — which exited examinership in 2015 — show revenues increased by 70% to €25.15m.

The Shannon-based group — formerly known as Transaero Engineering — entered examinership in January, 2015, and exited three months later.