Tuesday 23 January 2018

Turkish move delights McCarthy

IN OTHER air travel-related events, Dublin Aerospace chairman and founder Conor McCarthy has been appointed as a non-executive director of Turkish airline Pegasus.

Mr McCarthy has lots of experience in the aviation business: his past positions include a stint as group operations director at Ryanair. He also won the Ernst & Young Irish Entrepreneur of the Year award in 2011.

Dublin Aerospace is a promising young company, admirable in part because of its fair stance towards employee pay. Its more than 240 staff split one-fifth of its profits every quarter, and it has been almost entirely profitable since its establishment.

Profits in 2012 surged by nearly one-third to €2.8m, as it secured more business from international clients.

Mr McCarthy founded the aircraft maintenance firm in 2009 after spotting an opportunity when SR Technics controversially pulled out of the capital's airport.

He secured a host of investors, including EADS and Malaysian entrepreneur and AirAsia founder, Tony Fernandes.

He will no doubt put these contacts to good use at Pegasus, which was founded in partnership with AerLingus but was quickly sold on to other owners.

He is not the first Dublin aerospace boss to be seduced by the delights of Turkey – current chief executive Donal Rogers was previously the chief financial officer and deputy chief executive at Pegasus.

Irish Independent

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