Interim Examiner appointed to Shannon company

Interim Examiner appointed to Shannon company

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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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Chief Reporter Pat Flynn has worked as a journalist for almost 30 years. His career began during the late 1980s when, like many aspiring radio presenters of the time, he worked for local pirate radio stations in Clare and Limerick. Pat joined Clare FM in 1990 where he worked as researcher initially and later presented several different programmes including the station's flagship current affairs programme. He was also the station's News Editor and Deputy Controller of Programmes. Despite leaving in 2003 to pursue a career as a freelance journalist, he continues to work with the station to this day. As well as being the Clare Herald’s Chief Reporter Pat is also freelance journalist and broadcaster, contributing to Ireland’s national newspapers and is a regular contributor to national broadcasters.

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