THE Taoiseach Enda Kenny was in Shannon for the official launch of Transaero Engineering, following the acquisition by Transaero Airlines of the former Air Atlanta Aero Engineering facility, a move that is set to create over 100 jobs in the coming year.
Transaero Engineering Ireland performs maintenance services on Boeing 737, 757 and 767 aircraft for passenger, cargo, corporate airlines and aircraft leasing companies from around the world at its modern facility.
While the company already employs 241 staff, the number will grow through the addition of line/project maintenance on Boeing 747 and 777 aircraft and increased aircraft interior, training and engineering capability. The company has just released details of its annual aircraft recruitment campaign.
Mr Kenny welcomed the Transaero takeover. “I am delighted that a significant global airline such as Transaero has chosen Shannon as a location for its maintenance facility. It is a major vote of confidence in the workforce of Transaero Engineering Ireland, the Shannon region and in the continuing economic recovery of Ireland. It highlights the value of economic stability in attracting new investment to Ireland. I am delighted that the maintenance company, with its skilled workforce, will continue to operate in Shannon and that the addition of new aircraft types to their product range will result in more skilled and qualified staff being added in the near future. This deal very much fits within the Government’s focus on developing strategic trade relations into developed markets, such as Russia. This investment can showcase the capabilities of Irish companies within the Russian Federation.”
Speaking on behalf of Transaero Airlines, MD Alexander Krinichanskiy said, “Transaero Airlines is delighted with the acquisition of Transaero Engineering Ireland and we are actively considering ways to enhance and develop what is already a well-established and very reputable Maintenance Repair and Overhaul (MRO) so as to best serve its own needs and that of its current and future third-party customer base. Currently, a number of Transaero Engineering Ireland’s staff are undergoing EASA 147 training for line/project maintenance on the Boeing 747 and 777 aircraft to enhance the product range of the facility and we will also seek to increase interior, engineering and training capabilities and would expect to increase the staff numbers from the current 241. Furthermore, Shannon Airport and the surrounding infrastructure offers excellent opportunities for expansion, which was one of the key drivers in this acquisition.”
Welcoming the announcement, Dr Vincent Cunnane, chief executive of Shannon Development said, “Air Atlanta Aero Engineering is a key client of Shannon Development in the Shannon Aviation cluster and we are delighted with today’s announcement. We welcome Transaero Airlines acquisition of Air Atlanta and look forward to working with the company to support them to grow their business at Shannon. Transaero is a globally recognised progressive airline and represents a significant addition to the aviation base at Shannon.”
Transaero Engineering Ireland’s history goes back 50 years and it has been owned at various times by Aer Lingus, UPS, Air Atlanta Icelandic and Eimskip. It has provided a wide range of aircraft maintenance and ground handling services at the airport.
Clare TD Pat Breen said the acquisition was very good news. “This is a really welcome in terms of the development of Shannon Airport as a centre of excellence for aviation-related businesses. Not only has the company signalled its intention to create in the region of 100 jobs over the next year, with more to follow, this move secures the positions of the 240 highly qualified staff at the facility.”
Shannon Airport director Mary Considine was also positive about the news. “This is a significant vote of confidence in Shannon Airport as a strategic base for MRO. The fact that the investment is being made by Transaero, an airline that is achieving significant growth across passenger, cargo and MRO services at a very difficult time for aviation globally, is all the more positive.
“Shannon has a strong international reputation in MRO going back many years and this investment is another example of the growth potential of this segment of our business.”
She said the investment could see more routes come to Shannon. “We are cognisant that Transaero is, of course, an airline that has MRO operations, rather than a stand-alone MRO service operator. This opens up new opportunities for us as Shannon, with our pre-clearance services, is ideally located also as a long-haul transit stop for transatlantic services to and from Russia.”