Industry

Published on September 23rd, 2021 | by Alan Dwyer

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EirTrade Undertakes Sale of Stobart Air Inventories

EirTrade Aviation, the aviation technical asset services and trading company, has been appointed as an agent to act on behalf of joint liquidators Ken Fennell and Mark Degnan of Deloitte Ireland LLP to broker the sale of Stobart Air inventories following the collapse of the Company. EirTrade Aviation is a global aviation asset management and trading company based in Dublin with facilities/representation in Knock and overseas in Dallas, Barcelona and Beijing. Dedicated to the service of MROs, operators and lessors, EirTrade offers customers a comprehensive range of asset management services including end of life asset management, engine & aircraft parts’ trading, aircraft storage & disassembly, consignment programmes, technical storage & services.

Commenting on the announcement, Vice President of Asset Management at EirTrade, Lee Carey said, “This is a new undertaking for EirTrade and we are delighted to have been given this opportunity by the Liquidators to assist with the disposal of the Stobart Air inventories. It is our intention to package the inventories into several large lots which we will then offer to the market. The inventories comprise ground support equipment, expendables, consumables and tooling for regional aircraft such as ATR42, ATR72, and Embraer E190 and E195. This opportunity will give us the ability to participate in new markets and further expand our service offering to the market”.

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