Boost for Shannon as Aerospace Asset Trading plans to double workforce

Nick Rabbitts

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Nick Rabbitts

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Boost for Shannon as Aerospace Asset Trading plans to double workforce

At the new facility were Ray O'Driscoll (left), John Drysdale (right) with Danny Myers, John Guerin, Steve Thorpe, Alvaro Pereira, Steve Polederos and Frank Cordero | PICTURE: Arthur Ellis

THE Mid West is to receive another jobs boost after an aircraft parts manufacturer unveiled plans to open its European headquarters in Shannon

Aerospace Asset Trading, which is headquarted in Florida, is to double its workforce as it opens in the Shannon Free Zone.

It has taken possession of an 18,750 square foot premises from Shannon Commercial Properties, and plans to provide full component, parts and repair management support for commercial passenger and cargo aircraft operators and their respective engines and major asset components.

​Steven Polederos, chief executive officer, Aerospace Asset Trading, LLC said: “Shannon Free Zone is a perfect location from which we can run our European distribution centre. It will bolster our global footprint and further enhances our complete global coverage, partnerships and support to the aviation world. The opening of our Shannon facility represents a major expansion of our company.”

Ray O'Driscoll, managing director of Shannon Commercial Properties, has welcomed the arrival of Aerospace Asset Trading to Shannon: “Their decision to locate in the Shannon International Aviation Services Centre (IASC) further supports our investment strategy and they are a welcome addition to our growing cluster of aviation companies which now numbers over 60,” he said.