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Acquisition & Investment, Business, Industry, News, Shannon Airport, Transport & Logistics

Interim Examiner appointed to Shannon company

A mid east jet, b767 vp-cme, and its twin at the Transaero Hangar in Shannon. Photo Brian Buckley

A mid east jet, b767 vp-cme, and its twin at the Transaero Hangar in Shannon. Photo Brian Buckley

An interim examiner has been appointed to Transaero Engineering Ireland in Shannon.

At the High Court today, Judge Bernard Barton appointed Michael McAteer as interim examiner to try and save the insolvent Russian-owned aircraft maintenance company which employs 200 people in Shannon.

Judge Barton heard today that the firm is feeling the effects of of EU/US trade sanctions, the Rouble currency crisis and falling oil prices.

The former Air Atlanta Aero Engineering has been under Russian ownership since it was acquired by Transaero Airlines in 2012.

Transaero-Shannon

A Transaero Boeing 737 outside the company’s hangar at Shannon – © Pat Flynn 2015

Clare FM reports that the survival plan will see some form of restructuring but in the meantime the company is sending out the message that it’s business as usual.

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Discussion

3 thoughts on “Interim Examiner appointed to Shannon company

  1. Should have used ths shot
    EI-CZD

    Like

    Posted by colin keogh | January 5, 2015, 10:16 PM

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  1. Pingback: TRAVEL Extra’s Sunday Supplement: Cyprus Airways to Fly Again & Who’s in the Running for Travel Agent of the Year? | Travel Extra - January 11, 2015

  2. Pingback: Interim Examiner appointed to Shannon company | Irish News - January 5, 2015

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