Tag: Aviation

McEvaddy brothers vow to continue to back Irish aviation business

McEvaddy brothers vow to continue to back Irish aviation business

Aviation entrepreneurs, the McEvaddy brothers, pledged to continue supporting their Irish business at the end of 2018 when it was almost €7.2 million in the red, new figures show.

Accounts just filed by Ulick and Desmond McEvaddy’s Omega Aviation Services show that it earned a profit of €5,525 in the 12 months ended December 31st 2018 but liabilities exceeded its assets by €7.2 million.

The accounts state that the directors, the McEvaddy brothers, confirmed that they would continue to support the company.

Auditor Richard Twomey of Richard Ensor & Co noted noted that there were a number of conditions that cast significant doubt on whether the company could continue as a going concern without the brothers’ support.

— Read on www.google.co.uk/amp/s/www.irishtimes.com/business/transport-and-tourism/mcevaddy-brothers-vow-to-continue-to-back-irish-aviation-business-1.4183703?mode=amp