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Construction will start by the end of this fall on a new $30-million expansion of Flying Colours Corp. at Peterborough Airport — and the new hangar is expected to be completed and open by mid-2019.
The expansion is expected to mean about 60 new jobs, in addition to 250 current jobs, the company announced Monday.
The company plans to build the new manufacturing and operations hangar at the city-owned airport, which is located in Cavan Monaghan Township just southwest of the city limits.
Flying Colours also has operations in the U.S. and Singapore. The company refurbishes, modernizes and updates mid-sized to large business aircraft, including Gulfstream, Beechcraft/Hawker, Dassault Falcon and Bombardier’s Global Express and Challenger planes.
Flying Colours is also an authorized service facility for Bombardier and GE Aviation.
The new hangar is expected to be 100,000 square feet, according to a release from Flying Colours, and will have a large new paint shop designed to accommodate business jets, as well as an area large enough to do heavy maintenance and interior work on up to four large aircraft (Global 6000-size) at a time.
There will also be two upper levels in the hangar, the release states, that will have a second design centre, storage and office space.
There’s also an expansion taking place at the Flying Colours site in Chesterfield, St. Louis, states the release. The official opening of a new 30,000-square-foot hangar — their fifth — is planned for Dec. 1.
Between the two North American sites, states the release, the company will be hiring a total of 100 more people.
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