Aerospace Asset Trading (ATT) opens new European base in Shannon Free Zone

ATT expect to double workforce in two years

 Aerospace Asset Trading (ATT), a US based company, has opened a new European hub at Shannon Free Zone in Co. Clare.

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.

AAT 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 ATT 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.”