SR Technics invests €44 million in new hangar

The SR Technics company is planning to finance a project in the coming months through a 44 million euro investment in a new aircraft hangar.

It is estimated that 75% of this project has already been completed, and the company is planning to take on more staff to boost its total complement to 350.

Minister for Energy, Enterprise and Sustainable Development Miriam Dalli visited the ongoing work on the hangar together with SR Technics Chief Executive Jean-Marc Lenz and Malta Enterprise Chief Executive Kurt Farrugia.

The new hangar being erected on a 20,000 sq m area will not simply accommodate bigger aircraft but can take six aircraft at one go for maintenance.

Minister Dalli remarked that although the pandemic had impacted negatively on the aviation sector, it was encouraging to see a major company like SR Technics moving ahead on this project.

“All this is possible thanks to support by the Government and Malta Enterprise during this difficult period, as well the diligence shown by the workers. This project symbolises confidence in Malta as a country attracting companies for investment and helping them to grow.”

The SR Technics Chief Executive stated that as a major operator of the MRO machine, the company has a long-term commitment to continue providing MRO service in Malta.

“We are awaiting an increase in local investment, an increase in the number of workers, and boosting of our service to the consumer. SR Technics is grateful and thanks the Government and Malta Enterprise in these difficult times,” Mr Lenz added.