Saturday 22 July 2017

Dublin Aerospace hopes to create 150 jobs

Dublin Aerospace has secured a contract with Malaysia's long-haul budget airline AirAsia, believed to be worth around €36million
Dublin Aerospace has secured a contract with Malaysia's long-haul budget airline AirAsia, believed to be worth around €36million
John Mulligan

John Mulligan

Aircraft maintenance firm Dublin Aerospace has the potential to create another 150 jobs with a €15m investment at the capital's airport, the company's executive chairman, Conor McCarthy, has told the Irish Independent.

The company, which was founded by Mr McCarthy in 2009, employs about 270 people at its base in Dublin Airport. It has already applied to the local council to build an additional hangar to expand its business and is awaiting a decision.

But Mr McCarthy said that it's crucial that the Government's new national aviation policy document recognises the importance of the aircraft maintenance sector.

Dublin Aerospace has just secured a large contract – understood to be worth around $50m (€36m) over five-years – with Malaysia–based low-cost carrier AirAsia. Mr McCarthy said Dublin Aerospace was up against stiff competition from China and Singapore to secure the AirAsia business, however.

"We're hoping that the new aviation policy will recognise... hangars as an essential part of the aviation infrastructure and that they will be removed from the rates system," he said.

Mr McCarthy said that current council rates levied on Dublin Aerospace increase the company's effective tax rate to 40pc.

Irish Independent

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