Published On | August 02, 2012
MAXIMUS AIR HANDLES THE DUAL BUSINESS IN 2012
Abu Dhabi, 2 August 2012: Maximus Air, an Abu Dhabi Aviation Group company, is pleased to announce the compilation of its 2012 half year results.
Revenue has jumped up three percent to US$57.6 million from the same period last year, this increase is largely due to commercial charters from numerous global key clients. Net profit from operations increased a healthy 50 per cent from 2011 results, which is attributed to sales growth in the private sector – accounting for 59 percent, while government and ACMI sales balanced out the remaindered of this figure.
Prospects for the second half of the year come with a positive outlook with the placement of long term ACMI contracts. Maximus Air continued presence in both Charter and ACMI contracts continues to balance the level of exposure, cost saving initiatives and good performance in the face of challenging markets and uncertain economic reviews.
President and Chief Executive Officer, Mr Fathi H. Buhazza comments, “I continue to be positive in terms of pooling our vast experience, commitment to high standards and our flexibility in achieving results that relentlessly outdo our expectations. Our resilient business model and committed staff have allowed us to power forward and beyond, and continue to do so in the future.”