The company International Aerospace Coatings (IAC) intends to build a second paint hangar at Teruel Airport, where it has recently been awarded one for the next 25 years and where it will employ between 80 and 90 workers between this year and next. With an investment of 20 million euros, it plans to develop a second, even larger warehouse, where it can generate 60 more jobs by 2026.
In addition, company officials have informed the President of Aragon that its current project will be at full capacity in September 2023, with staff training starting next February.
Entity International Aerospace Coatings Limited has recently been awarded a 25-year lease of a hangar at Teruel Airport. The firm’s principals, Gordon Ryan and Emmett Moran, have communicated their expansion plans based on the potential of the region and of this airport, which has already become an aerospace hub.
Their plan is, once the initiative, which starts to operate in 2023, is stabilized, to undertake a second major investment, also dedicated to painting – which will take about two years to develop – and extra activities on the runway and in the airport’s parking area. Among the activities allowed in the concession are all those related to aircraft painting and aeronautical activities, so it is presented as a CAMO company, that is, those that offer comprehensive solutions to ensure the airworthiness of its customers, either at the request of air operators, private aircraft owners and / or lessors related to engineering services.
The entrepreneurs, who have assured that they already have an important portfolio of clients, will maintain further contacts with the Department of Economy in order to know better the whole line of aids to which they can apply to develop their project, as well as to speed up the necessary procedures.
The President of Aragón, Javier Lambán, has shown his satisfaction for presenting another new project in Teruel, a city and a province that, as he has repeated on numerous occasions, every day adds new reasons to give up complexes and deploy all its capabilities. This initiative, together with the take-off of the airport through the company Tarmac and the installation of the company PLD Space (dedicated to the manufacture of rockets), as well as Sceye, a company that will install in Teruel its European base for stratospheric flights of earth observation and telecommunications, contribute to consolidate.
These projects contribute to the development of the strategic projects agenda of the Government of Aragon, allow to promote the creation of highly qualified jobs and position Aragon as a European center of aerospace technology, research and innovation.
Precisely, Lambán has also advanced that next February 1 will be held an international conference promoted by Arex, “Teruel, strategic hub of the global aerospace industry”, to promote the aerospace hub of Teruel. The event will feature important speakers representing the business and technical world, which will strengthen the visibility and positioning of Teruel airport and to try to encourage the interest that already awakens throughout the international aerospace industry and attract more investment. With this, the Aragonese economy is becoming more and more diversified, based on sectors with a universal vocation, according to the Aragonese president.
IAC is the world leader in aircraft painting, interiors and graphics and has nine state-of-the-art facilities in the United States and Europe. It has 22 lines, processing more than 1,000 aircraft per year, and works in all segments of the aviation industry, including commercial, military and general aviation. IAC’s European headquarters are located at Shannon Airport in Ireland’s County Clare, and its U.S. headquarters are in Irvine, California.
For the company, Teruel airport represents a great opportunity for expansion due to its geographical proximity to customers and the location of Europe’s largest aircraft maintenance, long-term storage and recycling facility (it can accommodate 1 wide-body or 2 narrow-body aircraft).