Heavy (Metal) Finance Deal Boosts Cardiff Aviation

By ShowNews Staff
Source: AWIN First
June 17, 2013

Cardiff Aviation, the Wales-based aircraft maintenance and flight training organization founded last year by heavy metal band Iron Maiden’s Bruce Dickinson and Mario Fulgoni, has secured inward investment of some GBP5 million ($7.9 million), GBP1.6 million of which is being provided by Welsh government subsidiary Finance Wales. The deal was signed here at the Paris Air Show on Monday.

The company’s headquarters is part of the Welsh government’s St Athan–Cardiff Airport Enterprise Zone, which already is home to a number of aerospace and defense companies.

“This is a key investment which will allow us to expand the senior management team, and enable us to establish European Aviation Safety Agency Part 21 Design Approval to join the list of maintenance and operational approvals and certification we already possess,” says executive chairman and joint CEO Fulgoni. “It means Cardiff Aviation will be permitted to manufacture and certify aircraft parts alongside our maintenance and training operations.”

Dickinson is a 7,000-hour Boeing 757 pilot, and Fulgoni is a former airline captain. The company’s 132,000-sq.-ft. hangar can accommodate aircraft of Boeing 767-300 size and has ramp space for up to 20 narrowbody airliners.


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