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Tag Archives: shannon

Russian crises hits Shannon aircraft maintenance company

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 …

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Interim examiner for Transaero

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 …

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No progress on fixing Shannon leak

  Fears have been expressed that a person will suffer a serious injury on a public pathway in Shannon, which has been extensively flooded as a result of a major unresolved leak for months. Residents in Shannon are up in arms of the delay in fixing a leak on a pathway between Dun na Rí and Cluain Aoibheann, which is also used by householders in Rineanna View. Rineanna View resident, Kathleen Doherty warned the huge pool of water, which contained mud and other undesirable material, was a serious health hazard, particularly for young children if they slipped and fell trying to walk through it without realising how deep it was. Ms Doherty complained she couldn’t use this pathway to walk her dogs and can’t understand why it has taken to long to fix. The 72 year- old pensioner warned that anyone who is short sighted could easily fall off the walk caps that were placed on the pathway as a …

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Shannon waste compactor approval appealed

CREE based Clean Ireland Recycling have made an appeal to An Bord Pleanála following a decision by Clare County Council to grant planning permission to Emerald Waste Company for a Pay To Use (PTU) waste compactor at Texaco Service Station in Shannon. In its submission to the authority it states, “Clare County Council’s decision to allow this PTU to operate without a pay by weight mechanism, without provision of a brown bin, without a system to track customers (eg smartcards) and without a customer charter will negatively impact on the DECLG’s (Department of Environment, Community and Local Government)  attempts to regulate PTUs. We expect that An Bord Pleanála will have access to the new regulations prior to making a final decision on this application and will be better placed to see the potential impact of a decision to allow this development to proceed as per the applicant’s proposal.” They also raised concerns about the potential safety impact of the development. …

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Top award for Reagecon

Shannon-based Reagecon Diagnostics has won the Best Established SME Award at the national final of the 2014 Ulster Bank Business Achievers Awards. The awards, which were presented at the Mansion House in Dublin, toasted the cream of the crop in Irish business, crowning 10 finalists from across the country. The awards, in association with the Irish Independent, Enterprise Ireland and InterTradeIreland saw as record 627 businesses compete. Reagecon Diagnostics develops, manufactures, and distributes physical and chemical standards and reagents for laboratories worldwide. The company also offers customized manufacturing, training, and technical services and supplies its products in 150 countries worldwide. Reagecon Diagnostic is the largest producer of calibration standards in the world.

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Element Six adding 40 jobs and more may follow

ELEMENT Six are taking on another 40 staff in Shannon and say that there is likely to be scope for further growth due to a €25 million capital investment and the relocation of €20 million of assets to the Shannon plant. Five years ago the company announced redundancies and the overall number of Shannon employees dropped to 250. However it has since rebounded to around 360 and is now set to hit 400. Walter Huhn, Chief Executive of Element Six, was in Shannon on Wednesday and he said that the painful cost cutting measures introduced in Shannon have secured the future of the plant, and led to a situation where it is now expanding again. “We started the restructuring in Shannon five years ago with a very clear focus on what we wanted to achieve, what we had to achieve because the global market was changing and the competitive environment was changing. We had to be even more of a …

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Ryanair chief O’Leary praises Noonan

MICHAEL O’Leary was once known for his scathing attacks on government, but he was singing a different song at Shannon on Monday, at one point saying he’d be worried about a change of administration. Michael Noonan sat beside him at the airport on Monday, and his sense of self worth must have been soaring as O’Leary doled out the love for the Finance Minister. “As someone who is frequently critical of politicians and often quoted as being critical of politicians when they don’t do something intelligent, today is one of those opportunities, rare enough in Ireland where you get the chance to credit politicians when they do something sensible. One of the worst decisions undertaken by the previous Government of this country was at a time of financial crisis to impose a tax on visitors to a peripheral island. The travel tax had a devastating impact on air traffic and tourism in this country. We have lobbied long and hard …

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Taoiseach to face protests on Clare visit

ENDA Kenny is to face protests when he comes to Clare on Monday, with the revised water charges still the subject of much public anger. Gardaí met earlier this week to make plans for Monday, when the Taoiseach is set to visit TTM Healthcare at Ballymaley, speak at the Shannon Chamber president’s lunch in Dromoland and open Genworth’s new business centre in Shannon. There is speculation that jobs will be announced at TTM Healthcare and while there were reports that new jobs would also be announced at Genworth, a company spokesman told The Clare Champion this is not the case. It is understood that another Shannon company, which is due to take on new staff in 2015, are also hopeful that the Taoiseach will visit them. At a so-called street meeting in Shannon on Tuesday night, representatives of the We Won’t Pay anti-water charges campaign said they have plans to protest when the Taoiseach is in Clare. They also said …

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