Dublin Aerospace has announced it is on target to beat its first-year targets. Analysts state the aircraft maintenance firm was "close to breakeven" on a monthly basis at the end of its first financial year in October, and also predict it could a trade sale of flotation as early as 2013.
Annualised revenues are at $10 million, with cash balances over $3 million. This and contract wins from Aer Lingus and easyJet are making the company a very attractive to investors.
Dublin Aerospace was founded by former Ryanair executive Conor McCarthy and was aided by the closure of SR Technics' Dublin-based operations through both staff and equipment.