Company will create up to 100 additional jobs, capacity to increase
by 30 %
MONTREAL, Aug. 27 /CNW Telbec/ - ExelTech Aerospace Inc. ("ExelTech
Aerospace", "ExelTech" or the "Company"), (TSX Venture: XLT), Canada's largest
publicly-listed commercial aircraft maintenance, repair and overhaul
organization, today announced that it is launching the development of a new
$21 million heavy maintenance hangar facility at Montreal's Pierre Elliot
Trudeau International Airport. The new 130,000 square foot facility will
result in a 30% increase in capacity compared to the two smaller, older
hangars the company currently operates in Montreal.
To be constructed on a green field site adjacent to Boulevard de la
Côte-Vertu on the east side of the airport, the new complex will feature two
40,000 square foot heavy maintenance hangars connected by 30,000 square foot
of avionics, aircraft structures and component repair shops. The complex will
also include 20,000 square foot of office space.
The project has been designed to maximize aircraft structural maintenance
operations efficiencies. Each hangar features twice as many aircraft access
doors as the current facilities to increase flexibility. The complex is
adjacent to the airport's Runway 24R/6L, which will reduce aircraft taxi
times. The hangar includes two 70,000 square foot aircraft parking and testing
areas, and it is close to Highways 13, 20 and 40, providing easier access for
customers, shippers and suppliers.
When construction is completed, in spring 2008, the new complex will
become ExelTech's primary Bombardier CRJ regional jet and ATR 42/72 regional
turboprop maintenance facility, with the capacity to concurrently handle up to
ten heavy maintenance checks compared to the current capacity of seven
aircraft bays. The hangar's design means that ExelTech will offer its aircraft
maintenance engineers and technicians a more productive work environment and
the company will offer its customers reduced average maintenance turnaround
ExelTech has selected Les Entreprises J.G. Guimond, Inc, a
well-established Montreal-based developer, to design and build the new
facility. Engineering consulting services will be provided by Genivar Inc., a
publicly-traded engineering firm with aerospace construction experience in
Montreal, Ottawa and other locations in Canada.
"The building of this hangar clearly demonstrates ExelTech's commitment
to Montreal and our unquestionable desire to continue as a key member of the
aerospace community in Quebec for years to come," stated Derek Nice, President
& CEO, ExelTech Aerospace. "ExelTech has grown and prospered on the strength
and quality of our employees here in Quebec, and we are very pleased that this
relationship will continue and, indeed, will grow."
The launch of the hangar development project will be the catalyst for a
major upgrade in the company's skills and capabilities and will result in the
addition of up to 100 jobs over the next two to three years, increasing total
Quebec-based employment to almost 600.
ExelTech's new Montreal facility will complement the company's operations
in Quebec City, where its modern 100,000 sq ft hangar facility is a centre of
excellence for the maintenance of Dash 8 and Boeing 737 aircraft.
The construction of the new heavy maintenance hangar facility will be
financed through a first mortgage financing from a financial institution,
governmental support and cash on hand.
About ExelTech Aerospace
The third-largest commercial airframe Maintenance, Repair, and overhaul
(MRO) vendor in Canada, ExelTech Aerospace is listed on the TSX Venture
Exchange and trades under the symbol XLT. The company holds Transport Canada,
US Federal Aviation Administration (FAA); and European Aviation Safety Agency
(EASA) approvals to repair a wide range of aircraft, structures, components
and electrical and electronic systems. Aircraft models serviced by ExelTech
Aerospace include Bombardier CRJ and Embraer ERJ regional jets; ATR-42 and 72,
Bombardier Dash-8 and Saab 340 regional turboprops; and Boeing narrow-body
With 230,000 square feet of hangar, shop and office space in three
facilities at Montreal and Quebec City, and with marketing offices in the US
and Europe, ExelTech Aerospace provides maintenance repair and overhaul
services to airlines in Canada, the US and 22 other countries around the
To learn more about ExelTech Aerospace Inc. (TSX Venture: XLT), please
visit our website at www.exeltech-aerospace.com.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy of this release.
For further information:
For further information: Elisabeth Preston, Vice President, Corporate
Affairs, ExelTech Aerospace, (613) 614-4884, email@example.com