Shannon Group has welcomed a 10 million euro investment by Ryanair, which will result in the creation of 200 high skilled jobs for the region.
The airline is opening its first aircraft heavy maintenance facility in Ireland at Shannon Airport.
Shannon Group has secured Ryanair as the new tenant for Hangar 5, with the airline set to invest €10 million in the-state-of-art, three-bay facility.
The new facility will support the maintenance of Ryanair’s fleet as it grows to 600 aircraft by 2026, while the investment will generate specialised jobs in the region, including licensed engineers, mechanics, and support staff.
In a statement to Clare FM, the CEO of Shannon Group has said “Ryanair’s investment at Shannon is a vote of confidence by them in the future of the airport. Having Ryanair at Hangar 5, one of ten fully occupied hangars on our Shannon Campus, is another significant boost for the region, creating high quality jobs for local aviation specialists.
Mary Considine says “The resulting jobs and investment are consistent with our strategic plan to increase economic growth and retain skills and talent in the region. We have a close relationship with Ryanair, with Shannon Airport now having more destinations served by Ryanair than in 2019.”
Ryanair Director of Operations says “We are delighted to announce the opening of our new aircraft maintenance facility at Shannon Airport – our first heavy maintenance facility in the country. This facility will create 200 high-skill jobs, demonstrating Ryanair’s continued growth & commitment to Ireland.
Neal McMahon so says “Ryanair creates opportunities for highly skilled engineering jobs, with our industry leading rosters and the youngest fleet in Europe. Shannon is an ideal location with opportunities to attract, train and employ local talent to support this new facility.
“This state-of-the-art 3-bay facility represents a significant €10 million investment and will support the maintenance of Ryanair’s fleet as it grows to 600 aircraft by 2026.” he concluded.
Tánaiste Leo Varadkar has described the move as “a real shot in the arm for Shannon airport” and “exactly the kind of jobs and investment that the airport can attract, given the excellent infrastructure and talent we have there”.
This is a real shot in the arm for Shannon airport. Exactly the kind of jobs and investment that the airport can attract given the excellent infrastructure and talent we have there.https://t.co/ZNnLesflUm
— Leo Varadkar (@LeoVaradkar) May 18, 2022