IBT Group of Miami’s parent company to build hangar at Madrid airport

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The parent company of IBT Group of Miami has been selected to build a $24.8 million aircraft maintenance hangar at Madrid’s airport where Air Europa’s new fleet of Boeing 787 Dreamliners, which fly daily to Miami, will be serviced.

“The competitive award to IBT Group’s principal shareholder, Eurofinsa, directly supports our company’s outstanding reputation, experience and track record for completing a public works project on time and in budget,” said Daniel Toledano, managing director and chief operating officer of IBT Group of Miami.

Eurofinsa, a Spanish company that specializes in turn-key public works projects throughout the world, was the winning bidder to construct the 122,816-sq. ft. hangar at Adolfo Suárez Madrid-Barajas airport. Travel and tourism company Globalia, which owns the Air Europa airline, is investing nearly $25 million on the maintenance hangar scheduled to open in late 2018.

Air Europa, which operates flights between Miami and major European cities, is the third largest airline in Spain. The new hangar, designed by engineering firm Assad Development, will be able to hold three wide-body aircraft and six narrow-body aircraft simultaneously. The construction includes an attached 96,875-sq. ft. building for workshops, warehouses, laboratories and engineering offices. An airport apron also is included in the overall 241,370-sq. ft. area.

The building meets international regulatory standards for the design of aircraft maintenance hangars and incorporates the most advanced technology in the field of maintenance, repair and overhaul (MRO) installations as well as maximum energy efficiency, optimum work conditions and environmental protection.

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