Sub-contracting specialist in industrial aerospace production - AAA CANADA EXPANDS IN GREATER MONTRÉAL

MONTREAL, June 21, 2011 /CNW Telbec/ - AAA Canada, a subsidiary of French group Aeronautical & Aerospace Assistance (AAA), is expanding in Greater Montréal. The company is a sub-contracting specialist in the industrial aerospace production sector, and receives support from Montréal International. It plans on creating over 210 specialized aeronautics jobs over the next two years. The announcement was made at the 49th International Paris Air Show - Le Bourget.

AAA has more than 20 years of experience working for leaders in the aerospace and nautical industry, and employs close to 1,500 people in seven countries. AAA has exclusive knowledge in a variety of areas, including aircraft sub-assembly production, finishing, repair, transformation and maintenance at aircraft sites, technical support and logistics, inspection, control and quality assurance, and training.

"The developments taking place at AAA Canada stem from our company's desire to pursue its expansion in the North American market.  To achieve this, we are able to provide innovative and unique services to our customers in the region. Our teams can be deployed at a company's site to meet the ad hoc requirements for technical expertise specializing in aeronautics, but we also provide service packages that take into account the specific needs of each of our clients," explained AAA Canada's Managing Director, Richard Demoucelle.

"Québec offers numerous advantages to foreign companies, such as specialized, competent workers who are readily available. One out of 200 people work in the aerospace industry in Québec, which is quite considerable. Such a concentration of workers and companies is unique in the world and creates true synergy between the various players in the community. AAA's expansion will be favourable for the Québec aerospace industry and I would like to congratulate the company executives for their outstanding growth prospects," said Minister of Economic Development, Innovation and Export Trade, Clément Gignac.

"AAA's expansion will undoubtedly make our economy even more dynamic. Montréal has become a world leader in the aerospace industry thanks to the collective choices that we have made and the innovative companies that have decided to set up here. Our 2011-2017 economic development strategy will allow us to capitalize on our assets to make Montréal a focal point for creativity and success," pointed out Gérald Tremblay, Mayor of Montréal and President of the Communauté métropolitaine de Montréal.

"The growth of a company such as AAA Canada in the Greater Montréal region shows once again the vitality of our region in a strategic sector of our economy. It also bolsters our region's reputation as an international-calibre centre for the aerospace sector. AAA Canada will benefit from the many advantages offered by the Greater Montréal's aerospace cluster, notably, abundant and highly-skilled labour," said Montréal International President and CEO, Jacques St-Laurent.

About AAA France
Created in 1990 to meet subcontracting needs in the aeronautics industry, AAA France has constantly adapted its structures to remain close to its customers. AAA has private shareholders and its executives come from the aeronautics industry. The company provides production intervention, industrialization and control services on aircraft, aircraft components or any ship or rail sub-assembly, produced in-situ by sub-contract on customer sites and in its own establishments. This work is performed according to customer contracts in France and abroad by dedicated teams, constituted and directed by AAA. Responsiveness is one of the advantages allowing AAA to provide autonomous teams of high-level professionals within very short deadlines to perform the most complex industrial tasks. For more information: http://www.aaa-aero.com.

About Montréal International
Montréal International (MI) was created in 1996 as a result of a private/public partnership. Its mission is to contribute to the economic development of metropolitan Montréal and to enhance its international status. Its mandates include attracting foreign investment, international organizations and qualified foreign workers, as well as promoting the competitive and international environment of Greater Montréal. Montréal International is funded by the private sector, the Communauté métropolitaine de Montréal (Montréal Metropolitan Community), the City of Montréal and the Governments of Canada and Québec.

Since its creation, Montréal International has helped to attract more than $8 billion in foreign investment to Greater Montréal. From these investments, close to 45,000 jobs have been created or maintained. To date, MI's activities have also allowed almost half of the 70 international organizations to establish themselves in the city and, attract and retain, close to 5,500 qualified foreign workers. To learn more, please visit MI Web site at: www.montrealinternational.com.


SOURCE MONTREAL INTERNATIONAL

For further information:

Benoît Lefèvre
Communications Advisor
Montréal International
Tel.: +1 514 987-9323
benoit.lefevre@montrealinternational.com
Sidney Tayebi
Coordinator - Administration and Human Ressources
AAA Canada
Tel.: +1 514 733-6132
Cell.: +1 514 236-3163
Sidney.Tayebi@aaa-aero.ca

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MONTREAL INTERNATIONAL

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