Press Release
Issued by Farnborough Airport Ltd.
May 29, 2018
Europe's leading business aviation airport, TAG Farnborough Airport has been chosen as the location for Gulfstream Aerospace Corporation's London area service centre with a state of the art, purpose-built facility expected to be operational by the third quarter of 2020.
The new maintenance, repair and overhaul (MRO) facility will include office space, customer areas, shop space and a hangar able to accommodate up to 13 large-cabin aircraft. Significant ramp space will also be included, along with a car parking area. The entire facility is projected to cover approximately 180,000 to 220,000 square feet/16,723 to 20,439 square metres.
“We are delighted that Gulfstream has selected TAG Farnborough Airport as the location for its new MRO. We welcome this investment which will benefit the regional economy and underpin the airport's role in supporting jobs and economic development. As Europe's leading business aviation airport and a London gateway, we are well placed to meet the specific requirements of Gulfstream and its customers,” said Brandon O'Reilly, CEO TAG Farnborough Airport.
“We chose TAG Farnborough Airport because it is a London gateway airport dedicated exclusively to business aviation. Frequented by many of our operators, it offers amenities that complement our brand, with the space required for our current construction plans and future growth,” said Derek Zimmerman, president, Gulfstream product support. “In the last six months, we've announced several new MRO facilities and expansions, including Van Nuys, California; Appleton, Wisconsin; Savannah and now the United Kingdom. The growth of the Gulfstream fleet and increased size of our aircraft are driving the need for continued growth and additional capacity in our service centre network.”
Graham Stuart, Minister for Investment said: “TAG Farnborough Airport being selected as the location for the new MRO facility is yet another vote of confidence in the UK's aerospace sector, which is already responsible for 17% of the entire global aerospace market. As an international economic department, DIT will continue to encourage investment from overseas. Earlier this month we launched a new online portfolio of investment opportunities worth GBP30billion, and in turn this will drive growth and create jobs in our economy.”
"As the historic home of British aviation, Farnborough is of course a natural location of choice for this exciting new development for Gulfstream," commented Councillor David Clifford, leader of Rushmoor Borough Council and a keen aviator himself. "We look forward to welcoming the company to join a business community which already includes a number of global brands."
Councillor Roy Perry, leader of Hampshire County Council, said: "Gulfstream is a worldwide brand associated with quality, and it is testament to Hampshire's credentials as a key centre for aerospace and aviation in the UK that Farnborough has been selected as the location for this new facility. We look forward to working with Gulfstream, Rushmoor Borough Council, TAG Farnborough Airport and other partners to ensure the success of this new operation and to maximise the benefits to the local economy and community."
Enterprise M3 chair, Dave Axam, said: “Gulfstream's announcement is powerful evidence of how overseas investors see the economic strengths of our area. This inward investment from a world class company specialising in advanced aerospace technologies is excellent news for our area and the UK.”
