May 7, 2018 (Peterborough) – Flying Colours, the North American MRO, completions and avionics business based in Peterborough, ON today announced a major expansion and investments of $30,000,000 in its facility at Peterborough Airport creating 60 new jobs over the next several years and helping to retain 250 existing jobs. The expansion includes construction of a new manufacturing and operations hangar, which will enable increased global business and expanded technical capabilities. The Province of Ontario is contributing $1,000,000 to the project through a grant from the Eastern Ontario Development Fund (EODF).
Flying Colours is excited to build on the Peterborough region's commitment to the aerospace sector by investing in another expansion that will continue to grow our business with the support of our dedicated employees and partners,” said John Gillespie, President of Flying Colours. "We appreciate the support of the Government of Ontario through the Eastern Ontario Development Fund (EODF), this investment will accelerate the timing of our project and ensure that new employment opportunities will be created in the Peterborough area.”
This project includes the purchase of new equipment, as well as significant engineering and design for customer-specific aircraft requirements. This is the third and largest such project at Flying Colours in recent years, building on recent investments totaling more than $20,000,000 at its Peterborough site, and will bring its total workforce in Peterborough over 300.
About Flying Colours Corp:
With facilities in Canada, the USA, & Singapore, global aviation services company Flying Colours Corp, brings decades of experience to every facet of its business, which includes Green Completions, Interior Refurbishment & Modifications, Heavy Maintenance, Exterior Paint, Special Mission Modifications, and Avionics Installations.
Flying Colours specializes in all mid to large sized business aircraft, including the Bombardier Global Express and Challenger families, Dassault Falcon, Beechcraft/Hawker and Gulfstream models. Flying Colours is an Authorized Service Facility for Bombardier and a Bombardier Preferred Completion Centre. It is also a GE Aviation Approved Service Centre.