Aerospace sector - LTA Aerostructures Announces Manufacturing Expansion Phase and Appointment of Marc Bourret as President

Highlights - Key messages

  • LTA Aerostructures Inc. ("LTAA") enters a new expansion phase in the greater Montreal area and announces a new manufacturing organization that will design, fabricate, assemble and certify its unique lenticular heavy lift cargo airship to serve inaccessible areas of Northern Canada. LTAA airships offer a green technology that can be operated in environmentally sensitive remote areas without altering natural ecosystems.
  • More than 180 jobs will be created over the next three years, most within in the Mirabel area.
  • Marc Bourret is appointed President of LTA Aerostructures Inc.; his initial mandate is to put in place the required organization to design, manufacture, assemble and certify the first airships to be operated in northern Canada.

MONTREAL, Nov. 6, 2015 /CNW Telbec/ - LTA Aerostructures Inc., enters an exciting new growth phase and introduces its new manufacturing organization responsible for the design, manufacture, assembly and certification of its patented new "lenticular" airship technology, capable of cargo and heavy equipment transport to remote northern areas having limited or no infrastructure. LTAA develops economically affordable airships that will allow shipments of large tonnage for industrial and humanitarian purposes. The LTAA airship technology provides precision vertical lift and rapid load exchange under operational circumstances where ground infrastructure is sparse or nonexistent, and where weather conditions are sometimes difficult. 

LTA Aerostructures Inc. also announces the appointment of Marc Bourret as President responsible for leading this new growth phase.  A recognized executive in the aerospace community in Canada and the United States, Mr. Bourret has a proven record of leadership experience.  He has made a significant contribution into the aerospace industry for many years in organizations such as Bombardier Aerospace, CAE and Bell Helicopter where he has played key leadership roles for which his aerospace manufacturing expertise was put to use.  Prior to joining LTAA, he served as President and CEO of Stelia Aerospace Canada.  Mr. Bourret's initial mandate will be to recruit and establish a high performance innovative design and development organization.

According to Michael Dyment, President and CEO of LTAA, "Canada in general and Quebec in particular, represent important markets for transportation by airships in northern areas where there is an abundance of natural resources. This is a fabulous opportunity to change the rules of northern logistics, and introduce a transformational new solution using totally reliable, economic and green airships.  Our 10 tonne lift and 70 tonne lift lenticular airships will for the first time meet the cargo and logistics needs of people in remote areas, as well as in the mining and oil and gas industries that must operate there."  

Mr. Dyment is extremely delighted that Mr. Bourret has agreed to join his organization and to lead the establishment of LTAA's design and manufacturing operation.  For Mr. Bourret, "This challenge is an occasion to create a new sector of the aerospace industry in both Canada and Quebec. This is a tremendous opportunity to be part of a team of experts whose tasks will be to develop a totally innovative and green technology which will completely change cargo and equipment logistics for remote Northern communities and thus, will have considerable humanitarian and industrial impact. "

Other communications about LTAA will be released over the coming months.

About LTA Aerostructures Inc.:

LTA Aerostructures Inc. plans to manufacture and operate an extraordinary new class of heavy lift cargo airship to enter revenue service in 2019 primarily serving the northern areas of Canada and Alaska. These airships will supply native communities, reducing their costs and improving their quality of life;  spur economic growth and development, employment and tax revenue;  operate on "green" technology that does not harm the environment or endangered species;  negate the need for some roads and assist with transporting construction materials for those that are approved; and open up otherwise inaccessible mining projects holding billions of dollars of reserves.  LTA Aerostructures Inc. is a Canadian company, and an investment partnership between LTA Corporation (US based), NEXA Capital Partners and other partners.

 

SOURCE LTA Aerostructures Inc.

For further information: (for journalists only): LTA Aérostructures Inc., Alain Bourget, 514-994-1816

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LTA Aerostructures Inc.

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