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Tag Archives: Shannon Aerospace

A new name for Shannon Aerospace

Shannon Aerospace, operated by Lufthansa Technik, as part of its European aircraft overhaul network, has been formally renamed Lufthansa Technik Shannon. Shannon Aerospace (SAL) – a wholly-owned subsidiary of Lufthansa Technik AG – has thus joined Hamburg, Berlin, Budapest, Malta and Sofia as one of the six European base maintenance facilities in name, as well as in practice. The change in name coincides with the 25th anniversary of the company, which provides services to over 50 airlines and employs a workforce of more than 500. The renaming of the company is not yet visible everywhere and will be implemented step by step over the coming months. It will not entail any changes for customers in their current contracts, addresses or contact partners. Lufthansa Technik Shannon specializes in the overhaul of short- and medium-range aircraft. The services offered include basic overhauls (D-checks) and annual checks (C-checks) on the Boeing 737, 757, 767 and the Airbus A320 family of aircraft. Lufthansa Technik Shannon …

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Shannon Aerospace on the up

SHANNON Aerospace saw a boost in profitability in 2013, according to newly-filed accounts. The profit recorded for the year was €1,119,000, which was more than nine times the 2012 figure. The company was involved in a serious dispute with workers over pensions earlier this year, with industrial action almost resulting. Regarding the pension scheme, the accounts state, “The company operates a contributory defined benefit pension scheme. At the end of 2013, the net pension deficit calculated by the scheme’s actuary had decreased to €15.69 million (2012: €17.79 million). The company has maintained its contribution rate at 13.3% of pensionable salary, up to a salary cap of €50,000. Since the year-end, the company have ceased contributions to the defined benefit pension plan and will replace it with a defined contribution benefit plan for its employees. Management are currently in negotiations with the company’s workforce regarding the structure of this new scheme.” The accounts state that the number of workers at Shannon …

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Clare aviation companies vie for awards

TWENTY-two Clare based-companies including Eirtech Aviation, Shannon Aerospace, and Shannon Airport Authority, have been shortlisted for the inaugural Aviation Industry Awards, sponsored by the Irish Aviation Authority. The in inaugural awards, which will be presented on  June 10 in Dublin, have been devised to recognise excellence in the Irish aviation sector which makes a significant contribution to the country’s economy, employing 26,000 people and contributing €4.1 billion to national GDP. “There has been growing demand in recent years for recognition of excellence within the industry,” said Eamonn Brennan, Chief Executive of the Irish Aviation Authority. “This is reflected in the huge level of interest in this first ever Aviation Industry Awards and the very high calibre of the 70 companies and 130 entries submitted. We’re absolutely delighted with the level of interest and it is really encouraging to see how many individuals and businesses are going the extra mile to make the industry safer and more efficient. Today’s shortlisted nominees …

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