Ireland-based maintenance, repair and operations (MRO) service provider Dublin Aerospace is intending to earn a turnover of €70m from its global businesses by 2020.

Specialised in Airbus A320 and Boeing B737 base maintenance, the company has also created 150 full-time jobs as part of its future growth plan.

With the help of state-run agency Enterprise Ireland, Dublin Aerospace currently receives 30% of its total business from the UK.

The company also enrols 100 apprentices and trainees with 30 graduates each year.

“At Enterprise Ireland, we’re looking forward to deepening this young company’s presence within the UK and wider markets over the years ahead.”

The graduates help form partnerships between the UK and Irish aviation and aerospace industries and are expected to help Dublin Aerospace reach its 2020 turnover target.

Dublin Aerospace CEO Michael Tyrrell said: “Ireland is a major and ever-growing player in aviation and aerospace.

“It is a great privilege for us here at Dublin Aerospace to be such an integral part in helping to achieve this growth.

“We know our export-driven business model and having one of the largest apprenticeship programmes within the aviation sector will be an asset, particularly as the UK and Ireland, as well as the wider world, forge new chapters in light of Brexit.”

More than 250 companies are currently estimated to contribute more than €4.1bn to GDP and support 42,000 jobs in Ireland’s aviation and aerospace sector.

Enterprise Ireland UK engineering, electronics senior market adviser Sean Long said: “Having only established itself in 2009, Dublin Aerospace has already displayed an impressive growth rate with a credible 2020 ambition of broadening its market base and strengthening ties to existing ones.

“The Irish aviation and aerospace sector has long been admired as a bastion of dynamism and innovation.

“At Enterprise Ireland, we’re looking forward to deepening this young company’s presence within the UK and wider markets over the years ahead.”