May 14, 2013

Laurentian has new financial adviser



“Both of those factors increase the cost to an airline located in North America of having its heavy maintenance undertaken overseas. The natural result of those trends is that demand for maintenance services in North America should increase, and that is a very positive situation of the company (Laurentian),” he said. 

“At the same time, there has been very little capacity added in North America in recent years. In fact, capacity in North America has recently declined, as some former participants in the market have ceased to be active in the heavy maintenance market.”

One of those is the Canadian firm Aveos, which went out of business in March 2012. In addition, the Federal Aviation Administration has placed a freeze on issuance of certification of repair facilities overseas, Edwards said.

“Supply is dropping, and demand is increasing.”

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