The Atlantic Aviation Group, led by Patrick Jordan, earned a profit of €10.1m from selling its 50pc stake in EirTrade Aviation, reflecting strong financial performance despite other challenges.
Quadview, the parent company of Atlantic Aviation, reported a 7.6pc revenue increase to €141.8m for the last year, although its operating profit decreased by 34pc to just under €3.6m.
Improved profitability was noted in the final quarter of 2023 and has continued into 2024, bolstered by successful international recruitment and new long-term contracts in aircraft maintenance.
The company’s directors express optimism about future growth opportunities and operational improvements, despite the challenges posed by the pandemic and a shortage of skilled technical resources in the aviation sector.
