Fast-growing US aircraft materials company chooses Shannon for European base, plans 25 jobs by 2019
Jetpower Aircraft Materials Limited (“Jetpower”) a top US aircraft materials company serving customers globally since 1998, has today announced they are establishing a European base at Shannon Free Zone Business Park in County Clare.
The company will not only expand consignment and service support for its large, Ireland-based leasing company customers, such as AerCap, from its Shannon facility, but will also continue growing its European aircraft materials business. Jetpower has a diverse engine and airframe product base and global experience which enables them to provide their customer base with a quick and thorough response, using creative personalized solutions throughout the supply chain.
Shannon Commercial Properties, the property arm of Shannon Group plc, has assisted Jetpower to secure a 25,000 sq ft premises at Shannon Free Zone, West. The facility provides warehousing and storage for engine parts which will then be transported to Europe and globally via Shannon Airport.
Welcoming Jetpower to the Shannon Free Zone, the 600 acre business park where almost 8000 people are employed in 160 companies, Ray O’Driscoll, Managing Director, Shannon Commercial Properties, said that aircraft materials companies remain a significant growth area in the aviation Industry.
“With the rapid expansion of aviation sector, aviation materials companies are a real growth area. We’re delighted to welcome a global company such as Jetpower as part of our growing aviation cluster at the International Aviation Services Centre (“IASC”). The company’s decision to locate here further confirms Shannon as a leader in this industry sector. Our flexibility is a big part of our success: in this case, Shannon Commercial Properties was able to offer Jetpower a property solution that matches their rapid growth strategy,” he said.
Highlighting the significance of the announcement, Mr O’Driscoll said: “Solutions providers such as Jetpower provide additional service offerings relevant for the other aviation cluster companies; beyond the aircraft materials that span all major airframe and engine platforms, Jetpower’s solutions will enable many of the local aviation companies to better serve their stakeholders. Jetpower will be a very welcome addition to Shannon’s existing cluster of over 50 aviation companies which between them employ over 2,500 people.”
Michele Viani, Head of Business Development for Jetpower commented: “We are very pleased to join Shannon’s Aviation Cluster. It is part of the Jetpower strategy to locate our operations in aviation hubs that match our customer locations and provide tremendous growth opportunities. Many of our leasing customers are located in Ireland, and our new Shannon location amplifies the services and solutions that we can offer to them.”
Aaron Neff, Chief Executive Officer of the company commented: “It is a pleasure for us to be part of a cluster that we believe will contribute greatly to the global aviation environment. Aviation is a highly specialised industry sector, and while we are starting with four employees for 2017, we plan to build this to 25 employees by the end of 2019.”