International Aerospace Coatings Group (IAC) has been selected by Teruel Airport Consortium to develop and operate a new wide-body hangar facility at Teruel Airport in Central Spain under a 25-year concession agreement.
IAC has committed to developing this strategically located infrastructure, which will serve the company’s new and existing aviation customers and provide Teruel Airport with its inaugural painting facility, creating an expected 80 new, highly skilled jobs for the region.
The Teruel project represents IAC’s first growth initiative since Tiger Infrastructure Partners (Tiger Infrastructure) acquired IAC in December 2022. At that time, Tiger Infrastructure’s CEO, Emil W. Henry, Jr., signalled the firm’s intention to support IAC management in the growth of the business and, in particular, the expansion of its physical footprint and asset portfolio to support new customer contracts. The Teruel facility will extend IAC’s current portfolio to 18 hangars located at eight airports and two customer sites throughout the United States and Europe. The Group employs more than 1,000 people globally and its core business involves aircraft painting, aviation technical services, aircraft interior refurbishment and aircraft graphic solutions.
IAC also provides engineering services and asset management solutions to help customers ensure regulatory compliance through its Eirtech Aviation Services (EAS) division. Its global customer base includes aircraft manufacturers, commercial airlines, aircraft leasing companies, air cargo carriers and governments.