Fying Colours To Get $4.87 Million Expansion At Peterborough Airport

On Friday (April 15th), the Honourable Maryam Monsef, Minister of Democratic Institutions and Member of Parliament for Peterborough–Kawartha, announced an investment of up to $4.87 million for an expansion at Flying Colours Corp.

A global aviation services company, Flying Colours Corp. retrofits a range of aircrafts and provides fully customized aircraft interiors, outfitted with the latest technologies and state-of-the-art electronic equipment. This repayable contribution, through FedDev Ontario’s Investing in Business Growth and Productivity initiative, is for the construction of a 100,000-square foot hangar at the Peterborough Airport.

MP Maryam Monsef makes the announcement

The new facility will enable Flying Colours Corp. to take on work for larger airplanes and will help the company address the increasing global demand for customized aircraft retrofitting.

“The Government of Canada’s investment in Flying Colours Corp. shows that we are committed to strengthening the manufacturing and aerospace sectors by helping companies, like Flying Colours, become more innovative, competitive and successful," says MP Monsef. "Today’s announcement is supporting a stronger, more competitive economy in this region.”

This investment in the Peterborough area is expected to have spillover benefits for more than 200 Ontario-based suppliers within the Flying Colour Corp. supply chain.

Quick Facts

-> With a total project cost of $20.15 million, this project will leverage a $1.2-million investment from the Government of Ontario and more than $14 million from private sector investment. The project is also expected to create up to 50 skilled manufacturing, engineering, management and technical field full-time equivalent jobs.  

-> Established in 1994, Flying Colours Corp. previously received a repayable contribution of up to $900,000 from FedDev Ontario to expand its facilities and acquire new equipment. The successful completion of this project resulted in 37 new jobs and has positively benefited the surrounding community

[Related: 5 Things You Should Know About Peterborough's Booming Aerospace Sector]

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