SR Technics, the Swiss company which took over the operations of the former TEAM Aer Lingus aircraft maintenance operation in Dublin, has reported underlying earnings of 126 million Swiss francs for last year. This was up 21% on 2003.
Revenues were up 24%, despite what the company called a difficult market environment and the impact of a weak US dollar.
The company said it was track for a public flotation in the medium term, subject to market conditions.