Vector does well
Canadian maintenance company Vector Aerospace’s consolidated
revenue from operations of C$141.0 million for the third quarter of
2009, was C$5.9 million above the same period last year. Earnings
from operations, before interest, income tax, foreign exchange gains/
losses and unusual items were C$14.2 million for the third quarter of
2009, an increase of C$6.3 million compared with the same period last
year. The increase in earnings in the third quarter of 2009 was primarily
a result of strong airframe project completions in North America and
the UK, strong engine activity in North America and improved results
from the UK acquisition completed on April 1, 2008.
During the third quarter of 2009, the company recorded a C$1.8
million foreign exchange loss compared with a C$0.8 million foreign
Bombardier is operating in Europe with top class management and technicians
exchange gain in the third quarter of 2008. Net earnings for the third
quarter of 2009 were C$7.8 million (C$0.21 per share) compared with Bombardier crosses Atlantic
C$6.5 million (C$0.17 per share) for the same period last year. Bombardier Aerospace is to open its first wholly owned European
Company president and CEO Declan O‘Shea stated “In the third aircraft service center at Schiphol Airport in Amsterdam,
quarter, Vector again produced strong results. Given the state of the Netherlands. This new addition to Bombardier’s company-owned
economy and of the industry in general, we are proud of our people aircraft service center network, currently consisting of six facilities
who were able to generate these results. Each of our business seg- in North America, will enable the company to better support its
ments performed well and delivered against financial and customer growing fleet of over 550 Learjet, Challenger and Global aircraft
expectations despite the negative impact of changes in foreign in the region. The European aircraft service center is expected to
exchange rates in the quarter. On October 20, 2009, the company begin operation in early 2010.
closed a very successful equity offering for gross proceeds of approxi- “The Bombardier Aircraft Service Center network has been
mately C$45 million. These funds have further enhanced Vector’s offering the highest quality of support to our customers in North
already strong balance sheet. Vector is well positioned to aggressively America for over 28 years and we are pleased to bring that experi-
pursue new growth opportunities” ence and expertise to our customer base in Europe,” says Michael
The company has facilities in Canada, the US, the UK and South McQuay, president, Bombardier Aircraft Service Centers. “The
Africa and supports turbine engines, dynamic components, structures new aircraft service center, coupled with our LBAS joint venture
and avionics. facility in Germany and Frankfurt super-warehouse, strengthens our
services in the region by providing greater access to Bombardier’s
Duncan lands in Europe high-quality maintenance support and certified Bombardier parts
To better support its worldwide customer base, Duncan Aviation pre-cleared at customs.”
will soon be opening a new European sales and support office.. The facility will feature 4,240 sq meters (45,639 sq feet) of hangar
The will be to provide ongoing relationship and sales support for space, will include a staff of approximately 50 technicians and will be
business aircraft operators based throughout Europe, the Middle equipped to perform a variety of light to heavy maintenance tasks.
East and India. The company also has many customers based “The creation of a European aircraft service center is key to our
in the United States, Canada, Mexico and South America who strategy of expanding our customer services offering into new regions
regularly travel to the European Union and who will benefit from of the world and of providing faster, easier access to support for our
a Duncan Aviation office in Europe. growing international customer base,” said Andy Nureddin, vice-pres-
Tony Gilbert, Duncan Aviation’s vice president of international ident, Bombardier Customer Services and Support. “This announce-
business, will move to Europe in January 2010. His main objec- ment builds on our comprehensive customer services offering in the
tives will be to locate the site and staffing for a permanent region, ranging from training facilities to our PartsExpress delivery
European office, strengthen relationships with existing customers service and mobile response teams for rapid on-site support.”
and develop relationships with other operators, service facilities
and management companies. closer to their base facilities.”
“Our goal is to expose more European companies to the The company is an aircraft service provider with nearly 2,000
world class workmanship and customer service that Duncan employees supporting the aviation needs of government and
Aviation can provide for their business aircraft and support,” business operators and others. Capabilities include major and
Gilbert says. “Locating and opening a permanent office in minor airframe inspections and maintenance, engine services,
Europe will help strengthen these partnerships and allow Duncan major retrofits for cabin and cockpit systems in addition to
Aviation to better support customers around the world.” full paint and interior work and aircraft sales and acquisitions.
This move is the first step of a focused effort to better educate Complete service facilities are located in Lincoln, Nebraska and
operators within Europe and Asia about Duncan Aviation’s com- Battle Creek, Michigan. Additional locations include more than
prehensive nose-to-tail aircraft service and parts support and to 20 satellite avionics facilities strategically located throughout the
provide ongoing assistance to those operators in a location that is United States and components solutions available 24/7.
Aviation Maintenance | avmain-mag.com | December 2009/January 2010 41
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