A group of investors, which includes tech entrepreneur and aviation enthusiast John Collison, have purchased a controlling stake in Weston Airport near Leixlip in County Kildare.
Weston Airport owner Brian Conneely made the announcement this morning.
Derick Walshe, a Limerick-based financier, heads the investor group including Mr. Collison, John Brennan, Catherine Greene, Gerald Dundon.
The group intends to modernize its facilities and develop Weston as a general aviation center. The investment plan will modernize Weston’s facilities to create a world-class experience for airport users, employees and the local community.
The bar, restaurant and conference facilities will be improved and improvements will also be made to the terminal, aircraft storage and hangar areas. All current staff will be retained and there are plans to create additional jobs for the local area as new services are introduced.
Derick Walshe said a vibrant Weston is essential to the health of general aviation in Ireland.
âOur investors are aviation enthusiasts who are focused on transforming Weston into a state-of-the-art facility. Our plans are to invest and modernize existing aviation and non-aviation facilities and create an open destination and welcoming to the local community.
“We are committed to revitalizing Weston for better aviation in Ireland. We look forward to opening this next chapter in Weston’s history.”
The completion of the transaction is conditional on due diligence, binding documentation and regulatory consents. General and business aviation, coupled with flight training, will continue to be the primary focus for investors and the current owner.
Weston Airport was established in 1931 by Darby Kennedy, one of the founding fathers of aviation in Ireland. Weston is located west of Dublin city center with flight training, flight clubs, light aircraft and helicopters primarily using the facility.
It includes 9,000 mÂ² of operating buildings, an air traffic control tower, three large aircraft hangars and more than 20 based aircraft. Weston also offers training in aircraft storage, refueling and aviation safety.