On strong demand for the entire portfolio of ABS Jet’s services, all units combined boosted the company’s revenue by 3.7%. The earnings before taxes went up 61.7%. A record growth profit of 148% was realized by the maintenance department. The unit increased the number of projects for complete technical service by 19% and the marker of an annual 50,000 man-hours of work was passed and resulted in 6.6% growth.
“ABS Jets’ strategies have enabled us to deliver outstanding results in 2014 which are consistent with our already proven track record,” comments Michal Dvorak, ABS Jets’ Chief Financial Officer. “We have been able to improve our profitability, by reducing our costs and improve our efficiency. In that regard our increased investment in employee training has paid off well.”
The Technical Department made headlines when it announced its collaboration with the Czech Technical University in Prague to implement a training program on the principles of lean maintenance. It swiftly proved its merits in terms of reducing the aircraft ground times.
“We are extremely pleased with last year’s performances in all areas. We will continue to invest in initiatives aimed at delivering an excellent customer experience, which will drive expanded business activity,” says Vladimir Petak, CEO and Member of the Board of Directors of ABS Jets. “The year 2014 left us not only with fantastic results but also great excitement about the future.”
As outstanding as the company’s financial results were, a considerable list of accomplishments shows the dynamics of ABS Jets as a multi-facetted operation. Flight crews have safely operated 2100 flights and increased the number of flight hours by 27%. Another Embraer Legacy 650 was added to the fleet of now twelve business jets. The number of executive handling rotations at Prague Airport grew 16%. Due to the increased demand, the company expanded its Operation Control Center (OCC) services. A significant increase in number of flight planning assignments for customers coming from North America, South America and China was recorded. ABS Jets became a Honeywell Authorized Service Center and Russian certification to perform maintenance on RA registered aircraft.
ABS Jets looks proudly back on 2014 and a decade of outstanding performance and continuous growth that makes it an award winning, world class business aviation operator and services provider that employs more than 200 highly qualified professionals at its bases in Prague and Bratislava.
ABS Jets is exhibiting at EBACE, you will be welcome to visit and meet with their management team at booth number P107.
