Flying Colours Corp. breaks ground on Phase 1 of a $3.5 million expansion plan.

Monday 7th October 2013

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Flying Colours Corp. the Canadian completions, refurbishment and
maintenance specialist has broken ground on the first phase, of a three
phase expansion plan, at its Peterborough, Ontario headquarters. An
investment of over $3.5 million dollars will expand
the company's footprint and increase its large cabin completion and
maintenance capabilities at its Peterborough Airport facility.

With the steel framework now in place, 20 000 square feet is being added
to one of the company's existing three hangars. The existing hangar is
currently accommodating a long term project that will see eight
Bombardier CRJ 200 regional airliners converted to
16 seat corporate shuttle configurations. This is the first executive
shuttle configuration programme Flying Colours has undertaken and
reflects the company's ambitions to widen its offering to the aviation
market place.

Phase one is due for completion in the first quarter of 2014, and whilst
large enough to accommodate wide body aircraft, the new building will
initially be utilised to increase Flying Colours Corp.' refurbishment
and maintenance capabilities for pre-owned large
cabin size aircraft, particularly on the Bombardier Global and
Challenger 870 families. It is anticipated that the additional space
will also be used for a number of special mission programmes including
the fulfilment of a multiple aircraft contract for modifications
to seven CRJ 700/CL870 airframes destined for Asia. The new structure
will be equipped to handle refurbishment projects, avionics
installations and upgrades, heavy maintenance projects and full interior
completions.  "This is a major step in the application
of our future strategy for Flying Colours Corp.," says Sean Gillespie
Executive VP, "We have built an extremely robust business, with an
international client base that values our full service offering in terms
of completions and maintenance. We have quite
simply run out of space to accommodate all the requests received so
have implemented this extensive development project to accommodate
current and future work load. When phases one to three are complete the
additional hangar space will enable us to work on
the Airbus ACJ fleet, Boeing Business Jet family and the
state-of-the-art CSeries models. We are adding a total of 65, 000 square
feet to our facility and are very excited about the new possibilities."

Phases two and three, which are expected to complete in 2015, will
incorporate further additional hangar space of approximately 45,000
sq.ft and will incorporate an additional large cabin hangar, increased
shop space for maintenance and interior workshops,
and a new down draft paint facility. Flying Colours is anticipating
that the increased capacity will require a bolstering of its workforce
by 30% increase creating 60-70 new jobs at the Peterborough location. It
has already begun recruitment activity to source
new team members with the right skills and knowledge. Once the final
phase of building is completed at Peterborough, Flying Colours Corp.
will explore the options for expansion at their US facility which is
already running regularly full workshops.

Flying Colours Corp. and newly renamed sister company Flying Colours
Corp. KSUS  (formerly JetCorp Tech Services Inc) will be exhibiting at
this year's NBAA 2013 where it plans to talk up the existing maintenance
activity and promote its new approvals. One
year on from achieving Bombardier ASF status, Flying Colours
Corporation has also achieved the coveted AS9100 certificate for quality
and safety management for the aerospace industry; has been appointed by
aircraft improvement manufacturer, Raisbeck Engineering
as an Authorized Sales and Installation Centre for the entire King Air
product line; and in March achieved Beechcraft Authorised Service Centre
status for Canada for the entire King Air, Baron and Bonanza product
lines which complements its existing status
as an authorised service centre for Waco-based Blackhawk Modifications
Inc.

About Flying Colours Corp:

Flying Colours is a global aviation service company which specialises in
Green Completions, Interior Refurbishment, Maintenance, Component
Services, Auxiliary Fuel Systems, Exterior Paint and Avionics
Installation and Upgrades.  Flying Colours' US operation
is an FAA-licensed Class III and IV Part 145 repair station based in St
Louis, Missouri.  Flying Colours and its subsidiaries are proud of
their worldwide customer base which has grown these past few years owing
to its dedication to safety, quality and customer
support.  Flying Colours specialises in all mid-large sized business
aircraft including the Global Express series, Challenger, Dassault
Falcon, Beechcraft/Hawker and Gulfstream models.   Flying Colours is an
authorized service centre for both Bombardier and
Beechcraft.

Visit Flying Colours at the NBAA 2013 convention, Oct 22 to 24 - Booth N6227

www.flyingcolourscorp.com