A surge in flight training applications and recognition by the Ministry of Defence has put ACS Aviation on course to record a 46% increase in turnover.
The firm has operated its flying school and aircraft maintenance operation from Perth Airport since 2016.
It predicts that more than 200 future pilots will enrol on its Airline Pilot Transport Licence program over the next three years.
The expansion of the business has resulted in an increase in the ACS workforce from 13 to 35 in the past two years with the company recruiting for more flight instructors to join the team.
In recent weeks the Ministry of Defence approved the company for its programme for military pilot training.
The Enhanced Learning Credits system will allow military pilots to convert their flying qualifications into civilian licences and gain airline employment.
The developments mean the firm expects its revenue to rise from £1.3 million to £1.9m for the year ending March 31.
Group technical director Craig McDonald said: “Over the past year ACS has established a position as one of the leading flying schools in Europe, with our international graduates going on to secure employment with a host of airlines including Ryanair, Loganair, Thomas Cook, Stobart Air and Norwegian Airlines.
“Achieving Approved Learning Provider status with the MoD is something we’re extremely proud of and strengthens our commitment to support the Armed Forces community.
“This relationship combined with new developments in our engineering division and a recent surge in flight training applications has contributed to our recent growth and provides a strong foundation for the future expansion of the business.”
ACS managing director Graeme Frater said the firm’s ambition was to build a “world renowned” centre of excellent for commercial flight training and aircraft maintenance services at Perth Airport.