The Dublin-based PARC Group, parent company to PARC Aviation, has announced plans for a stock market flotation in mid-September.
The move is designed to augment the PARC profile and give it access to capital markets to continue its ongoing expansion.
PARC Aviation is now the largest supplier of contract pilots to the aviation industry, says chief executive Tim Shattock. "Currently we have in excess of 620 flight crew and technical engineers on contract assignment worldwide."
PARC supplies pilots on contract to 30 clients, including Airbus Industrie, Britannia Airways, Japan Airlines, JAL Express, Virgin Express and SAS Flight Academy.
Investors in the proposed flotation will also be buying into PARC Aviation's sister company PARC (UK), which is also heavily involved in the aerospace market and which provides all grades of engineering personnel, from senior design staff to manufacturing personnel to clients such as GEC Marconi, Racal Radar and Defence, British Aerospace and GKN Westland.
PARC (UK) has recently been awarded ISO 9002 accreditation and is being used as the benchmark within the group. Shattock says similar accreditation is the goal for the group as a whole.
Source: Flight Daily News