FLYING COLOURS SIGNS JOINT VENTURE AGREEMENT WITH CHINA-BASED SPARKLE ROLL TECHNIK AT NBAA 2014
ORLANDO - North American MRO, completion and refurbishment specialist Flying Colours Corp has signed a multi-million dollar jointvVenture agreement with Sparkle Roll Technik Co, Ltd (SRT), a business jet technical solution provider within Sparkle Roll Aviation (Holding) Group (SRA). With the phase one hangar facility set up at Linyi City in Shangdong Province China, the main business focus for the new JV will be on private jet cabin modification and aircraft maintenance. The first project, which will begin later this month, will see eight B-registered CRJ-200 aircraft, procured by SRT, converted into VIP configurations.
The work schedule for each of the initial aircraft modifications is expected to take up to eight months and will be undertaken at Flying Colours, Peterborough Canada. The later conversions will have the interiors monuments manufactured in North America, with the JV's technicians completing the final installation in China. As part of the agreement, Flying Colours will train the technicians of the JV in specific interiors techniques in Canada and will provide on-site support for the ultimate installation in China. In addition, Flying Colours team will handle all final aircraft certification.
The regional cabins will be converted into a VIP configuration mirroring the Bombardier Challenger 850. As part of the process, Flying Colours will develop and own the new Supplemental Type Certificates (STCs) relating to the interior configurations which will then be validated by the Civil Aviation Administration of China, CAAC. Each aircraft will also benefit from the installation of Flying Colours' supplemental fuel auxiliary system as engineered by the company specifically for CRJ conversions.
Once converted, the VIP jets will be sold to individuals or operated by Sparkle Roll Jet Co. Ltd (SRJ), the operational subsidiary of SRA. It is anticipated that the agreement will expand to include a wider range of aircraft conversions, modifications and maintenance in the future with both companies eyeing up the opportunities in the wide body sector.