Monarch Aircraft Engineering portfolio that includes hangars covering 280,000 square feet at Birmingham Airport and London Luton Airport is up for sale.
The engineering arm of collapsed airline Monarch went bust in January with the loss of 408 jobs.
Avison Young, acting on behalf of joint administrators at KPMG, said the portfolio also included detached office premises and warehouse accommodation.
The Birmingham hangar comprises a maintenance, repair and overhaul (MRO) facility extending to more than 145,000 square foot and capable of accommodating up to ten narrow-body aircraft. Completed in 2013, the flagship hangar includes an airside apron extending to about two acres.
Also up for sale is hangar space at London Luton which includes three further hangar facilities extending to more than 135,000 square foot, also with airside access.
Avison Young’s national restructuring solutions team are leading the project and Alan Ryall said: “Perhaps unsurprisingly, the supply of hangars with airside access in the UK is heavily restricted.
“This portfolio coming to the open market provides an extremely rare opportunity to acquire significant airside facilities at two of the UK’s main airports.”
