Lufthansa Technik to lose 180 staff after sale to Atlantic Aviation

Aircraft maintenance specialist Atlantic Aviation Group is buying rival Lufthansa’s Shannon business in a move likely to save 300 of 485 jobs.

Lufthansa Technik Shannon began a review of its business earlier this year after Covid-19 travel restrictions hit demand, sparking fears that the operation could close.

Atlantic Aviation confirmed on Tuesday that it has agreed to acquire the business. The pair were known to have had entered talks on a possible deal by mid June.

The move guarantees the future of around 300 Lufthansa Technik jobs in Shannon, but the German-owned group said that “approximately 180 posts” were at risk of redundancy. Lufthansa Technik said it would begin consultations with worker representatives in coming weeks.

Pat Shine, chief executive of Lufthansa Technik Shannon Ltd, acknowledged that it was a difficult day for employees, many of whom have worked for the company for more than 15 years.

“Every option was explored, the priority being to protect the maximum number of jobs and the specialist experience of the Lufthansa Technik Shannon Ltd workforce,” he added.

Mr Shine explained that the sale to Atlantic Aviation, a company in the same business, presented itself as the most viable option.

Shane O’Neill, Atlantic’s chief executive, said the business was proud to have saved 300 jobs for the region. He added that his firm looked forward to adding these highly-skilled staff to its workforce.

The deal makes Atlantic Aviation Group the biggest player in Irish aircraft maintenance, employing around 740 people at its bases in Shannon and Brize Norton in England.

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