Completion and refurbishment business building nicely
The completion and refurbishment industry continues to grow. That’s the gospel according to Midcoast Aviation, and the Cahokia, Ill.-based aviation services center is practicing what it preaches. It has announced plans to increase its overall workforce by 100 over the next 12 months, and about half of the new-hires will be directly involved in interior completion and refurbishment.
“We need most of the bodies right now, and as many as we can get by the end of the calendar year,” said a spokeswomen. “There has been a real explosion in the completion and refurbishment side of the house in recent months, and we’re expecting it to continue,” she added. Midcoast expects to hire another 100 new employees in the next fiscal year, which begins in June.
Midcoast is a major completion and refurbishment center, in particular for midsize and large business jets, and continues to be a source of interior completion work on green Bombardier Challenger 604s.
In an interview with the St. Louis Post Dispatch, Midcoast executive v-p Kurt Sutterer said he saw no reason why Midcoast sales would not double over the next decade. The company expects to generate revenues in excess of $125 million this fiscal year. That would be about $25 million more than in the previous fiscal year.