Aircraft breakers Sycamore Aviation enter administration with the loss of six jobs

Administrators confirmed they were in talks to sell the assets of Durham Tees Valley Airport-based business Sycamore Aviation

Kevin O'Hare of Sycamore Aviation
Kevin O'Hare of Sycamore Aviation

Aircraft recyclers Sycamore Aviation have entered into administration with the loss of six jobs.

The Durham Tees Valley Airport-based business has ceased trading and administrators of the firm say they are in the final negotiations for the sale of the firm’s assets, a process which is likely to include intellectual property and goodwill.

The aircraft breakers specialised in decommissioning and recycling, including parts removal, re-certification and inventory management.

News of the administration comes just over a year since the firm secured £750,000 in capital funding from a syndicate of investors led by FW Capital.

Sycamore had operated from a 45,000 sq ft refurbished hanger at Durham Tees Valley Airport.

Earlier this year the firm featured on the Channel 4 television show, Kevin McCloud’s Supersize Salvage.

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