MONTREAL, April 27, 2012 /CNW Telbec/ - Recognized as a leading provider of light and heavy aircraft maintenance in Montreal, Phoenix Aerospace Inc., a Quebec-owned company announced today its willingness and interest towards participating in the partial or full re-launch of Aveos' heavy MRO (maintenance, repair and overhaul) for large aircrafts, using its own successful business model. The company's President, Serge Prévost, stated that following Aveos' bankruptcy, it is imperative to maintain the strategic knowledge present in this promising industry that could grow exponentially in the coming years.
Phoenix Aerospace, which currently employs some 90 full- and part-time experts, is prepared to hire dozens of laid off Aveos employees in the short term if the company were to take over the uncompleted refurbishment of one of Air Canada's Airbus 320s; Phoenix Aerospace is currently participating in the call to tender for this project, as is a larger company, Air France. According to Mr. Prevost, quickly restoring this aircraft ─ that has been sitting idle in Aveos' hangars for several weeks now ─ to operational status, would help to reduce significant losses to the aircraft's owner, who is currently carrying the costs and liabilities for the non-productive, inactive asset. "In an industry as competitive as aeronautics, this type of inactivity is untenable," continued Mr. Prévost.
In light of this situation, Phoenix Aerospace's distinctive value is its expertise in providing rapid service that is in accordance with the stringent standards and safety regulations put in place by Transport Canada, under whose authority the company has gained all the accreditations and certifications necessary for carrying out heavy aircraft maintenance.
UNIQUE INTERNATIONAL ACCREDITATION
Since its founding in 2007, Phoenix Aerospace has earned significant international accreditations, allowing it to work on and certify large aircraft belonging to American and European companies. These accreditations and certifications come from the American Federal Aviation Administration (FAA), the European Aviation Safety Agency (EASA), and the Canadian Safety Management System (SMS).
A $40M EXPANSION PROJECT PUT ON HOLD
Phoenix Aerospace currently operates in hangars leased from Air Creebec at Dorval's Pierre-Elliot-Trudeau Airport, and onsite as outsourced experts for airlines in the maintenance of their fleets. The company has decided to adopt this timely growth strategy as a prelude to its expansion project which will require a $40M investment in order to construct two new hangars.
Following Aveos' bankruptcy, this expansion project has been temporarily put on hold, due to the unfounded uncertainty surrounding the local aeronautic industry and, ultimately, the ensuing difficulty in securing financing.
HANGARS SLATED FOR DEMOLITION
Mr. Prévost points out the urgency for action, since the leased hangars in which Phoenix Aerospace operates, owned by ADM (Aéroports de Montréal) will soon be demolished to make room for expansions to the southwest end of the Montreal-Trudeau airport. Several major airlines, including Air France, Canjet, Air Transat, Aero Mexico, and Sunwing make up Phoenix Aerospace's distinguished client list over past years. Air Canada is yet another airline that trusts the company with its major subcontracted mandates.
For the President of Phoenix Aerospace, it is imperative to preserve and maintain the expertise held by hundreds of specialized skilled workers in Montreal, and to support the investments and associated economic benefits that could otherwise be appointed to foreign markets. Mr. Prévost points out that approximately 40 companies specializing in MRO account for roughly 50% of the Canadian aircraft maintenance market. By consolidating the industry in Montreal, the region will be able to remain competitive in the face of growing propositions from emerging countries. In these foreign markets, the quality of airport infrastructures does not always meet the stringent requirements from major airlines for transport costs and expenses related to parts shipments for major repairs.
About Phoenix Aerospace Inc.
Based in Dorval, Quebec, Phoenix Aerospace Inc is recognized as a leading provider of light and heavy aircraft maintenance repair and overhaul (MRO). The company leverages leading edge technology and research and development in service to airlines and commercial and private fleet owners and operators. The company operates in a business environment that embraces profitability, effectiveness and efficiency in providing rapid services which, above all, fully comply with stringent Canadian, American, and European standards and regulations. Phoenix Aerospace also provides fleet maintenance as an outsourcing service to various airlines.
For further information:
Serge Prévost, President
Phoenix Aerospace Inc.
514.875-7068 (direct line)
514.875-7060 (direct line)