Aerospace Asset Trading has now taken possession of Bay 127, Shannon Free Zone from Shannon Commercial Properties with the plan to provide parts and repair services.
Aerospace Asset Trading opens new European base in Shannon Free Zone
With headquarters in Florida, the company has taken possession of an 18,750 sq. ft. premises at Bay 127, Shannon Free Zone, from Shannon Commercial Properties. Strategically located in the Free Zone with more than 60 other Aviation companies, Aerospace Parts Trading Ireland Ltd 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.
Aerospace Asset Trading was formed in 2013 as a commercial engine parts trading company. This formation gave roots to the vision that later grew into a complete product support model that includes multiple aircraft product types, such as engines, APU’s, landing gears, airframe components, flight controls and engine nacelles, and whole aircraft.
Commenting on their European expansion, 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 and allows us to further fuel our high, steady growth by offering an increasing variety of services to all our customers and to our partners. Most critically, we remain agile and intelligent in our approach.
“Our location next to Shannon International Airport is ideal as it allows us essential connectivity to European markets and beyond. We are starting our operation with 6 people but are confident that we will expand rapidly and expect to double this over the next two years.”
Welcoming Aerospace Asset Trading to Shannon, Ray O’Driscoll, Managing Director, Shannon Commercial Properties said: “We are delighted to welcome Aerospace Asset Trading to Shannon Free Zone. 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.”
Aerospace Asset Trading, LLC is a global provider of aircraft parts to the world’s airlines, lessors and leading maintenance organisations. The company specializes in Airbus, Boeing, Bombardier and Embraer aircraft and components as well as CFM International, General Electric, International Aero Engine, Pratt & Whitney and Rolls-Royce turbine jet engines and replacement parts.
Shannon Commercial Properties, a Shannon Group Company, owns and manages one of Ireland’s largest property portfolios, with eight business and technology parks, over 2 million sq ft of building space, over 200 buildings and in excess of 1,500 acres of development land in 15 key locations across counties Clare, Limerick, Tipperary and Kerry. The company provide property solutions for customers who range from start-ups to multinationals from their base in Shannon Free Zone. In addition, they assist with the development of suitable greenfield and industrial sites and deliver property management and consulting services.
Shannon Free Zone (SFZ) is one of Ireland’s largest multi-sectoral business parks and contains the largest concentration of North American companies in Ireland outside of Dublin. Home to 160 companies employing over 7,500 people, the Shannon Free Zone is one of the region’s core assets and a €40 million investment programme due for completion by at the end of 2018 will bring significant new advanced manufacturing, warehousing and office space solutions to support the IDA led drive for inward investment in the region.
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