London Air Services president Wynne Powell won’t disclose how successful the Richmond-based private charter flight service has been since it began operations in 1999.
But annual revenues must be significant because the company has just spent $67 million to acquire five new Bombardier Learjet 75 aircraft.
“We’re in the multi-millions of dollars of annual revenues now,” Powell said Tuesday, after proudly showing off four of the five new jets at the LAS hangar at Vancouver International Airport. “Obviously we would not make this kind of investment without a solid revenue stream.”
Continued at: http://www.vancouversun.com/business/London+Services+spends+million+five+Learjets/9469414/story.html