Tag Archives: Atlantic Aviation Group

EMPLOYMENT in a Shannon aviation company will more than treble over a six year-period from this Friday when a new takeover of a neighbouring business takes off. Atlantic Aviation Group (AAG) employs 320 in its existing hangar, 120 in its UK base and will take on about 300 new employees from Lufthansa Technik. The new hangar, which is almost three times the size of the AAG building, can accommodate nine narrow body Ryanair sized aircraft or two wide body and four narrow body aircraft. Back in April 2015, when investor Patrick Jordan bought the company it was employing about 217. Revenue have grown from €15 million to a projected figure of €80 million by the end of the year, with AAG chief executive, Shane O’Neill expecting growth to more than €100 million over the coming years. Barring some unexpected major setback, Mr O’Neill believes overall employment could increase up to 1,000 in a few years. AAG services, maintains and repairs …

IN a statement SIPTU, which has 350 members employed at Lufthansa Technik Shannon Ltd (LTSL) said it was “disappointed and concerned” at the scale of the job losses being proposed. Spokesperson Karan O Loughlin, said, “SIPTU shop stewards and members have put hard work into maintaining the operation of this site as evidenced in the pandemic operation agreements entered into from September 2020 until March 2021 and a further agreement from March 2021 to September 1, 2021. They did this while awaiting the outcome of the due diligence process carried out by its new owners.” She added, “SIPTU representatives now wish to engage with LTSL and AAG management concerning the scale of redundancies and a strategic way forward to protect the remaining employment, terms and conditions of our 350 members in LTSL.” Clare TD Joe Carey said that engagement must happen. “Management need to engage with these loyal workers and their representatives. “Many of these workers have been employed at …

IN a statement Lufthansa Technik Shannon Ltd (LTSL) have acknowledged that its sale to Atlantic Aviation Group will result in job lossess. “The acquisition of LTSL by Atlantic Aviation Group will secure approximately 300 jobs. While the final numbers are still approximate, it is proposed that over 300 roles will be secured at LTSL, while approximately 180 roles are at risk of redundancy. The consultation process around the proposed redundancies will commence over the coming weeks,” it said. Pat Shine, CEO and MD of Lufthansa Technik Shannon Ltd. (LTSL) said: “The severe impact of the Covid-19 pandemic led to an extensive strategic review of the business to determine its future. Every option was explored, the priority being to protect the maximum number of jobs and the specialist experience of the LTSL workforce. The sale of LTSL to AAG, a company that understands our business and has a strategy for growth through acquisition, presented itself as the most viable solution to …

LOCAL company Atlantic Aviation Group (AAG) announced today that it has acquired Lufthansa Technik Shannon. The future of Lufthansa Technik Shannon had been in doubt for a number of months as a strategic review of the business was ongoing, which was followed by a sale process. It is not immediately clear what impact there will be on jobs in Shannon. While AAG released a statement this morning in which it stated that 300 Lufthansa Technik Staff would be joining AAG, there were 505 people working there in 2020. In this morning’s statement AAG said the deal “will bring AAG’s total workforce to approximately 740 people across sites in Shannon and Brize Norton in the UK. For the remainder of 2021, both companies will focus on transition planning with the aim to have a smooth integration in early 2022. The deal is subject to approval from the LHT Supervisory Board, and the terms of the sale will remain confidential.” It claimed …

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 …