Tag Archives: aircraft maintenance

TEN new jobs have been created at Atlantic Aviation Group in Shannon, adding to an existing workforce of over 200 employees. HR and training director, Caoimhe O’Donnell said, “We are creating a new project team of licensed B1 and B2 engineers and aircraft mechanics, who will add extra strength and flexibility to our existing aircraft maintenance workforce, as the company continues to grow over the coming months and years.” The company are performing well, with expansion coming, according to CEO, Connor Flanagan. He added, “This is an exciting time to be joining our company. We are in discussions with a number of major airlines for multi-aircraft contracts for the rest of the year and beyond. In order to meet the increased demand for our services, we are looking to recruit talented and ambitious individuals, who will add to the experienced team that we currently have.” Formerly Transaero Engineering Ireland, Atlantic Aviation Group, purchased by Patrick Jordan in April of last …

THE crises that have struck Russia in recent months are being put forward as the reasons that Shannon-based Transaero Engineering Ireland had to seek the protection of the courts this week. The aircraft maintenance company entered an examinership process on Monday with the aim of securing its future. It currently has 230 employees and around 40 contract workers. Examinership gives struggling companies breathing space as it gives them protection from creditors for 100 days, during which time the court-appointed examiner, in this case Michael McAteer of Grant Thornton, reports back to the court with recommendations. While the majority of businesses that enter examinership do continue to trade after successfully exiting, the examiner has to find there is a reasonable prospect of it becoming viable. Formerly Air Atlanta Aero Engineering, the company came under Russian ownership when it was purchased by Transaero Airlines almost three years ago. In a statement published on its website on Tuesday, TransAero Engineering Ireland (TEI) outlined …

Transaero, which employs 235 people at Shannon, is unable to meet its debts because of economic difficulties in Russia and by its Russian parent company, the High Court was told today this week. Mr Justice Bernard Barton appointed Grant Thornton chartered accountant, Michael McAteer as interim examiner to Transaero Engineering Ireland (TEI), a globally approved maintenance, repair and aircraft overhaul company. Barrister James Doherty told the court that TEI, which had a turnover of €27 million in 2010/11, was an Irish-registered company, which had been generating relatively modest profit and had been taken over by Transaero Airlines in 2012. He said increased pressures had been put on TEI’s profitability by its parent company, which had required it to carry out work for it on a cost only basis, which had eaten into its profits. Mr Doherty said the company was seeking the appointment of an interim examiner to stabilise its position and give comfort to employees that their situation is …

Government plans to create thousands of jobs in a potentially lucrative business at Shannon Airport hang in the balance, after the European Commission vetoed a special tax incentive scheme designed to attract major international investors. The Government has been forced to start new negotiations with EU authorities to try to come up with an amended tax break plan, which was a flagship project that was earmarked to generate thousands of jobs, by facilitating the construction of aircraft maintenance hangars and ancillary facilities in Shannon. The decision has been described as a “disappointing set-back” and a “serious blow” by Fianna Fáil Deputy Timmy Dooley, who hopes efforts will continue to ensure the revised plan will be successful. However, Fine Gael Deputy Pat Breen believes this move does not jeopardise Shannon Airport’s efforts to develop an international aviation centre and will, in fact, “probably put Shannon in a stronger position”. Deputy Dooley expressed concern the revised tax incentive package would be much …