Canada's Flying Colours seeks offshore partners to support growing VIP CRJ ExecLiner fleet

 - December 7, 2010, 12:55 AM

Canada's Flying Colours is talking to potential partners outside North America to support operators for which it has completed Bombardier Challengers. About 90 percent of its clients to date have been on other continents and it has already had preliminary discussions with prospective joint venture partners.

The completions and maintenance company is now engaged in its ninth corporate conversion of a Bombardier Canadair Regional Jet (CRJ) Series 200. It sees large potential for similar modification of larger CRJ variants, and has been approached about similar work on other regional jet designs. Flying Colours also is expecting to be appointed the preferred installer on Bombardier Global-series aircraft of granite-skinned floor panels produced by Germany's List Components & Furniture.

"We have seen a very active growth in our green Bombardier Challenger completion program, which has led to numerous other maintenance and refurbishment opportunities from [overseas] clients," said president and chief executive John Gillespie.

Flying Colours (Stand C309) said it is "leaning toward" a partnership with a company that has an established client base and is "educated about the specific geographic culture, infrastructure and workforce." The prospective partner will also have to be ready to put up some fresh investment for the new venture.

The Canadian company had expanded with the 2009 acquisition of Missouri-based JetCorp Technical Services, which provided additional maintenance and completion capacity and, more importantly, a much-sought U.S. presence.

Six of its seven corporate CRJ completions delivered over the past four years have comprised its in-house "CRJ ExecLiner" design, the seventh (S/N 7211) being the single Project Phoenix third-party conversion for a Middle East broker for sale to an Asian customer.