Aviation service provider, AerFin, has announced it has signed a 10-year lease agreement for a new 115,000 sq ft facility in Newport, Wales. This will act as the company’s global headquarters from the end of 2024.
The move to this new facility doubles AerFin’s engine MRO capacity to around 200 quick-turn shop visits per year, and expands its UK storage capacity by a third. It also has space for ‘enhanced aviation aftermarket activities’ including engine disassembly and maintenance, repair and overhaul operations.
Simon Goodson, Chief Executive Officer at AerFin, commented: “We are pleased to commit to our new, global headquarters, marking a significant milestone in AerFin’s growth story. This move will significantly enhance our operational capacity and position us well for continued expansion. We are collaborating with our selected contractors to ensure the space is fully functional by year-end to allow us to take advantage of the new facility’s unparalleled, advanced features.”
Peter Davies, Senior Development Director at St Modwen Logistics, added: “The growth story of Aerfin from local consultancy to global player in the aviation world is an incredible one and we are really proud that they have chosen St. Modwen Park Newport as the base for their new global headquarters.”
Photo: AerFin
