October 22, 2014
Flying Colours Corp. signs joint venture agreement with China-based Sparkle Roll Technik
Flying Colours Corp., the North American MRO, completion and refurbishment specialist has today signed a multi-million dollar Joint Venture agreement with Sparkle Roll Technik Co., Ltd. (“SRT”), a business jet technical solution provider within Sparkle Roll Aviation (Holding) Group (“SRA”). With the phase one hangar facility set up at Linyi City in Shangdong Province China, the main business focus for the new JV will be on private jet cabin modification and aircraft maintenance. The first project, which will begin later this month, will see eight B-registered CRJ-200 aircraft, procured by SRT, converted into VIP configurations. The work schedule for each of the initial aircraft modifications is expected to take up to eight months and will be undertaken at Flying Colours Corp., Peterborough Canada. The later conversions will have the interiors monuments manufactured in North America, with the JV’s technicians completing the final installation in China. As part of the agreement, Flying Colours Corp. will train the technicians of the JV in specific interiors techniques in Canada and will provide on-site support for the ultimate installation in China. In addition, Flying Colours Corp. team will handle all final aircraft certification.