Next Level Aviation (NLA) has established a new subsidiary, Next Level Aviation-Ireland in Dublin, to better support its European, Middle-Eastern & African (EMEA) customers, particularly in Aircraft On Ground (AOG) situations, by strategically placing used serviceable material (USM) inventory in Ireland.
Next Level Aviation projects that the Next Level Aviation-Ireland, Ltd. subsidiary alone will grow to $100MM+ in annual revenues within five years through USM sales and used aircraft/engine asset transactions.
Next Level will soon announce the president of its new Irish subsidiary, who they say is “a seasoned and respected industry leader with significant long-term relationships within the Irish leasing community and commercial aviation aftermarket globally.”
“This new subsidiary will expand our geographic footprint by strategically placing USM inventory in Ireland, closer to our EMEA customers and trading partners. The establishment of Next Level Aviation-Ireland, Ltd. will also mark our entrance into the used aircraft/engine asset trading business, where NLA seeks to develop a reputation as an efficient and reliable counter-party in the monetization of asset portfolios by airlines, leasing companies and financial owners,” said Jack Gordon, chairman and CEO of Next Level Aviation. “NLA-Ireland will be built on the same founding principles of Next Level Aviation (US) which are decisiveness, integrity, superior customer service, impeccable quality assurance and teamwork and will mirror our performance-driven culture we have cultivated in the U.S. over the last nine years.”
The Next Level Aviation-Ireland, Ltd. headquarters has an operations commencement target date of 1 April and will be located in the Dublin area with the exact location currently being finalized. Consistent with their focus on keeping overhead costs as low as possible, NLA-Ireland will launch with a 5,000-7,000 square foot facility and five employees. Once finalized, NLA-Ireland will announce its physical location to the market in a subsequent press release.