Weston Airport, co-owned by John Collison, received a capital injection of €18.9m to support its expansion and operations.
Following the acquisition from Brian Connelly in 2021, the new owners increased the company’s share premium account from €11m to €30m.
The airport recorded post-tax losses of €3.575m in the 12 months to the end of June, with part of the loss attributed to €1.72m in non-cash depreciation costs.
Employment at the airport increased from 28 to 30, and directors’ pay rose from €150,000 to €181,200 amid ongoing investments in facilities.
ollisonPlans for a new search-and-rescue base are set to commence in July, with a helicopter hangar project currently under appeal with An Bord Pleanála.
