THE Atlantic Aviation Group (AAG) has completed the takeover of the former Lufthansa Technik facility in Shannon.
The move sees AAG’s workforce increase by nearly 70 per cent with more than 300 workers joining AAG’s existing staff of 436 based in both Shannon and the UK.
AAG announced that it had acquired the Lufthansa Technik Shannon business from the company’s German parent Lufthansa Technik (AG) last October 2021. The acquisition followed AAG’s acquisition of the FlyBe Aviation Services business in Brize Norton, UK in June 2020.
The integration of the new business was formalised following the granting of approval from the Irish Aviation Authority – which allows AAG to conduct maintenance on aircraft under new ownership.
AAG Chief Executive Shane O’Neill said they were proud to be expanding their operation, both to the local community in terms of the numbers employed, and to customers through the addition of another 300 highly skilled staff.
Patrick Jordan, who acquired AAG in April 2015, said the company was now looking to the future and cementing its position as one of the world’s top aviation solutions companies.
“In welcoming our new colleagues, we have some of the finest people and skills and the ambition to be the best.
“Despite the challenges facing some parts of the aviation sector during the Covid pandemic, AAG has strategically developed its customer base, international reach, and the breadth of its boardroom expertise,” Mr Jordan added.
AAG provides maintenance, repair and overhaul, aircraft modifications, continuous airworthiness management, aviation training and defence services from its Shannon base.
Customers include DHL, Ryanair, ASL Airlines, Star Air, TUI Group, Jet 2, and major aircraft lessors such as GECAS, Aer Cap, Bank of America, SMBC, BBAM, Seraph, Aergo and Avolon.