Chaired by lead singer of Iron Maiden, Bruce Dickinson, aviation enterprise Caerdav is ready to create 100 jobs following a £4 million funding from unbiased asset supervisor BOOST&Co.
Based in 2012, Caerdav gives plane upkeep, restore and overhaul (MRO), consultancy and pilot coaching companies to massive carriers, plane leasing corporations and personal purchasers. Because the aviation sector continues its post-Covid restoration, the agency will use the funding to increase upon its sturdy new enterprise pipeline, fulfilling the backlog of servicing necessities.
Caerdav is without doubt one of the solely unbiased UK-based MROs, specialising within the A320 and B737 households of plane. They’ve educated 1000’s of pilots who now work in each sector of economic aviation, starting from B747 cargo operators to captains on nationwide flag carriers.
Their amenities embody a 6,000ft/1825m runway – simply 20 minutes’ flight time from London Heathrow, London Gatwick, Luton, Stansted and Manchester, and three miles from Cardiff Worldwide. The positioning additionally advantages from one of many highest-specification upkeep hangars in civilian use.
BOOST&Co has chosen to work with Caerdav because of its sturdy and highly-experienced government administration group who, since their appointment in early 2019, have been answerable for an acceleration within the firm’s progress and improvement. The lender additionally cited Caerdav’s wonderful business popularity as a long-established enterprise within the aviation sector, in addition to its continued dedication and help for native communities throughout South Wales.
Kim Martin, Head of South and Midlands at BOOST&Co, says:
“We’re thrilled that Bruce and the chief group chosen us to be the chosen funding accomplice to Caerdav. Their dedication to the enterprise and the area people has been unwavering in recent times and we’re assured this funding allows the enterprise to capitalise on the present market alternative and ship thrilling progress plans. Caerdav is without doubt one of the final unbiased MRO’s within the UK and it’s important to nurture and protect this skillset, because the airline business continues its post-Covid restoration.”
Joachim Jones, Chief Govt at Caerdav, says:
“We now have been on a continued upwards trajectory throughout the previous 12 months and this newest funding is just set to speed up our progress plans additional. The airline business has needed to present great resilience throughout and following the Covid-19 pandemic and its restoration will solely be as sturdy because the help it receives, which Caerdav is in a improbable place to offer.
“Subsequently, we’re extraordinarily happy to have acquired this funding, which is able to allow us to considerably increase our operations and supply help to extra organisations throughout the aviation sector.”
Due diligence for this deal was supplied by Azets. Lee Humble, Company Finance Associate at Azets, says:
“We’re delighted to have suggested BOOST&Co on its funding of Caerdav. The funding will help a key provider to the aviation business and help an enlargement challenge that can carry important advantages to the enterprise and all of its stakeholders. It was a pleasure working with BOOST&Co and the Caerdav group and we want all of them the most effective for the long run.”
