{"id":43969,"date":"2025-09-26T04:54:14","date_gmt":"2025-09-26T04:54:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/43969\/"},"modified":"2025-09-26T04:54:14","modified_gmt":"2025-09-26T04:54:14","slug":"aircraft-engine-repair-could-create-2500-jobs-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/43969\/","title":{"rendered":"Aircraft engine repair could create 2,500 jobs \u2013 The Irish Times"},"content":{"rendered":"

Air travel\u2019s growth and its race to hit climate targets open an opportunity for the Republic to create thousands of jobs and earn billions in revenue, a new report argues.<\/p>\n

Spending on aircraft engine maintenance, repair and overhaul will grow to $156 billion (\u20ac134 billion) by 2035 from $119 billion this year as global airlines buy new planes powered by more efficient engines, say Dudley Shanley and Antonio Duarte, analysts with stockbroker Goodbody<\/a>.<\/p>\n

The Republic\u2019s position as a leader in global aircraft leasing puts it in a \u201cunique position\u201d to offer engine maintenance, repair and overhaul services to airlines, they argue.<\/p>\n

\u201cCapturing even 1 to 2 per cent of this market could generate billions in revenue and thousands of high-skilled jobs for Ireland,\u201d Mr Shanley and Mr Duarte point out.<\/p>\n

They calculate that establishing three- to five-engine maintenance facilities here by 2030 would create about 2,500 jobs.<\/p>\n

Their report: Ireland\u2019s opportunity, the engine MRO \u201csuper cycle\u201d will feature at a conference, Invest in Aviation, hosted by Goodbody on Thursday in Dublin.<\/p>\n

The report notes that there are several successful aircraft maintenance businesses in the Republic, although these focus more on airframes \u2013 the structure of the plane itself \u2013 rather than on engines.<\/p>\n

Mr Shanley and Mr Duarte maintain that engine maintenance is a particularly highly skilled, well-paid division of the industry.<\/p>\n

The recent Pathfinder for Irish Aviation report, backed by businessman Declan Ryan\u2019s Irelandia, called for the expansion of the maintenance industry here by building at least one engine repair facility at either Derry or Shannon airports.<\/p>\n

Mr Shanley and Mr Duarte argue that IDA Ireland, the agency charged with luring multinational investment to the Republic, should be \u201cactively looking\u201d at providing support for a maintenance, repair and overhaul industry.<\/p>\n

\"\"The NFL comes to Dublin: How it became the richest sports league in the world<\/p>\n

That would involve building on the State\u2019s dominance of the leasing industry. Companies based here manage more than half the world\u2019s leased aircraft.<\/p>\n

It would also require locating engine facilities, suppliers and training and education in the same place, along with investment in education and training.<\/p>\n

The analysts say that the Republic should focus initially on specialising in one area of the industry, such as short-haul aircraft engines, where demand is expected to grow fastest.<\/p>\n

\u201cThe IDA could help to attract original equipment manufacture partnerships while the Irish Strategic Investment Fund could co-invest in the facilities,\u201d says the report.<\/p>\n

\u201cThe Government could offer research and development tax credits for engine maintenance, repair and overhaul innovation in areas such as engine diagnostics, predictive maintenance and tooling.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Air travel\u2019s growth and its race to hit climate targets open an opportunity for the Republic to create…\n","protected":false},"author":2,"featured_media":43970,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[72,32739,61,60,1899],"class_list":["post-43969","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-goodbody-stockbrokers","tag-ie","tag-ireland","tag-ryanair"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/43969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=43969"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/43969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/43970"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=43969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=43969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=43969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}