TORONTO, Feb. 5, 2014 /PRNewswire/ -- Ontario is helping Flying Colours Corp., expand production at its facility in Peterborough, Ontario.
The company specializes in aircraft completion, maintenance and refurbishments. With support from the Eastern Ontario Development Fund, Flying Colours will invest in new equipment and engineering expertise to enhance its custom interior finishing and completion services while finding innovative and cost-effective ways to meet regulatory and safety standards. This project will also help to increase Flying Colours' global business and attract new investment opportunities.
"When companies like Flying Colours invest in new technology and create jobs, it strengthens our economy. Our government is proud to support this project, which will lead to new opportunities and more jobs for the people of Peterborough."
-- Dr. Eric Hoskins, Minister of Economic Development, Trade and Employment
"Our success at Flying Colours comes from staying at the forefront of technology to offer our customers superior product design and service. The Ontario government's support is helping to widen our service offerings, further enhancing our opportunities for new business development and growth, in Canada and around the globe."
-- John Gillespie, President and CEO, Flying Colours Corp.
Ontario is providing a grant of $1,205,500 towards this project. The Eastern Ontario Development Fund is accepting applications from qualified businesses that are growing and creating jobs. Sectors eligible for the fund include advanced manufacturing, processing, life sciences, information and communications technology, tourism and cultural industries. Since 2008, the government has committed over $68 million in Eastern Ontario Development Funding, leveraging a total investment of more than $655 million.
FOR MORE INFORMATION CONTACT
Ministry of Economic Development, Trade and Employment
SOURCE Ministry of Economic Development, Trade and Employment - Ontario, Canada
An investment of over $3.5 million dollars will expand the company’s footprint and increase its large cabin completion and maintenance capabilities at its Peterborough Airport facility.
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Maintenance work on the aircraft began in September 2012 and included a full 96-month heavy maintenance inspection.