First Aviation Announces Record Sales and a Doubling of Operating Profit.

Business WireJune 07, 2001

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First Aviation Announces Record Sales and a Doubling of Operating Profit.

Business Editors

WESTPORT, Conn.--(BUSINESS WIRE)--June 7, 2001

First Aviation Services Inc. (NASDAQ: FAVS), a leading provider of services to the aerospace industry worldwide, today announced record revenues for the first quarter of $25.6 million and record gross profit for the quarter of $5.2 million.

Net sales increased 14.5% for the quarter ended April 30, 2001 from $22.3...

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