Major Aircraft Repair Firm Delays Plans to Open in Provo
PROVO, UTAH -- Duncan Aviation has delayed its plans to build a $58 million aircraft repair hangar in Provo and add 650 new jobs to the area, as part of a series of cutbacks it is implementing for the first time in its 53-year history, according to the state Governor's Office of Economic Development.
On Tuesday, the Lincoln, NE, company announced plans to cut some production employees' hours and implement pay cuts in all other positions in response to a drop-off in corporate aviation business as the global economic downturn worsens. The cutbacks affect all 2,200 workers companywide.
"We know they have opted to delay their groundbreaking because of the economy, but they're still committed to the project," said Jason Perry, executive director of the Governor's Office of Economic Development. "As the economic cycle becomes more clear to them, they will resume expansion."