Aircraft maintenance firm will invest in new hangar, add up to 50 jobs
PETERBOROUGH, Ont.—Ontario aircraft customization and maintenance firm Flying Colours Corp. is embarking on a $20.2 million plant expansion with the help of FedDev Ontario.
Using the federal funding agency’s contribution of $4.87 million, as well as $1.2 million in funding from the government of Ontario, Flying Colours will invest more than $14 million of private funds to build a 100,000 square-foot maintenance hangar at the Peterborough, Ont. Airport.
“This project is an expansion of our facilities in Canada, with a major emphasis on innovation, training and standardized processes to compete in a competitive global marketplace,” Kate Ahrens, the company’s vice-president of Corporate Development, said. “This is advantageous for Flying Colours, as it will help accelerate the development of new skills for our Canadian workforce and increase our overall capacity to support additional customer requirements.”
Already an industry leader in customizing aircraft, the company’s new facility will allow it to retrofit larger planes with custom interiors and the latest electronic equipment. The expansion project is expected to create up to 50 jobs in manufacturing, engineering and management within the company, as well as benefit as many as 200 Ontario parts suppliers.
Making the announcement at a Flying Colours’ facility in Peterborough, Maryam Monsef, Canada’s Minister of Democratic Institutions and MP for Peterborough-Kawartha said the investment will help strengthen the country’s manufacturing and aerospace sectors.