Panama City, Florida is buzzing with excitement as the IAG Aero Group unveils its ambitious plans for a significant expansion. This move is set to bring a wave of construction and numerous job opportunities to the region. Becca Hardin, President of the Bay Economic Developemnt Alliance, emphasizes the importance of this announcement, stating that it is the largest new company announcement they have been able to bring together. This project is truly a game-changer not only for Bay County but for the entire state.

Transforming the Aviation Landscape

Northwest Florida Beaches International Airport, along with the Bay Economic Development Alliance and Florida’s Great Northwest, proudly announced the new project on Wednesday. Mark Sheldon, Chair of the Airport Board of Directors, expressed gratitude for IAG Aero Group's partnership and highlighted the collaborative spirit that has paved the way for long-term economic prosperity. IAG Aero Group specializes in MRO, engine field services, material repair, and the sales and trading of aircraft and engine parts.

Facility 1: Aircraft Engine MRO

The first facility is a massive 120,000-square-foot aircraft engine MRO facility dedicated to commercial aircraft engines for both wide and narrow body aircraft. This facility will play a crucial role in providing engine maintenance services for airlines and aircraft owners worldwide. With customers in 50 countries, IAG Aero Group is well-positioned to meet the global demand. The meticulous maintenance work carried out here will ensure the smooth operation of aircraft and enhance safety in the aviation industry.

Imagine the countless flights that will take off with confidence, knowing that their engines have been expertly maintained at this facility. It is a testament to the company's expertise and commitment to excellence.

Facility 2: Engine Test Cell

In addition to the MRO facility, IAG Aero Group plans to build a 40,000-square-foot engine test cell at ECP. This will be one of the few such facilities in the Southeast, highlighting the region's importance in the aerospace industry. The investment in this test cell is substantial and further solidifies the region's position as a center for aviation excellence.

The engine test cell will enable IAG Aero Group to conduct rigorous testing and validation of engines, ensuring their performance and reliability. It is a crucial step in the development and maintenance of aircraft engines, and having this facility in Bay County is a significant advantage.

Facility 3: Warehouse and Parts Distribution

The company has also purchased an existing 140,000-square-foot facility on 36 acres in Bay County. This center will serve as the hub for the company's warehouse and parts distribution operations. The efficient management of parts and inventory will ensure timely deliveries and support the smooth operation of aircraft maintenance and repair services.

With this facility in place, IAG Aero Group can streamline its operations and provide faster service to its customers. It is a strategic move that will enhance the company's competitiveness in the market.

According to a press release, this initiative is expected to generate approximately $479 million in additional household income over the next decade and create 500 new aviation jobs. Parker McClellan, Executive director of Northwest Floria Beaches International Airport, highlights the growth in passenger numbers and the expansion of business at the airport. This new project is set to be a major boost to the local economy and the aviation industry.Construction is set to begin soon and is expected to be completed in 2026. The IAG Aero Group's expansion plans are a testament to the region's potential and the importance of the aviation industry. It is an exciting time for Bay County as it welcomes this new investment and looks forward to the economic benefits it will bring.