Springer Aerospace Holdings Limited announces restructuring


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ECHO BAY, Ontario — Springer Aerospace, a full-service aircraft maintenance, repair and overhaul company located in Echo Bay, Ontario, announced that it has commenced restructuring proceedings under the Companies Creditors Arrangement Act to restructure its operations and financial affairs. The facilities are located at the company’s private airport in Bar River, just 15 km east of Sault Ste. Marie, in northern Ontario.

Springer is a key employer in Northern Ontario with approximately 100 employees. Many of Echo Bay’s 1,600 residents derive income and economic benefits from Springer Aerospace. Springer serves nearly all airlines, private operators and air ambulances that transport passengers, food, fuel and medical supplies to Indigenous and air-accessible communities.

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Springer Aerospace is focused on long-term growth. The company expanded its operations and service offerings in 2020 with the construction of a new state-of-the-art hangar.

As part of the restructuring, Springer Aerospace continues to work with its main lender, Desjardins, and other key stakeholders. Springer Aerospace will undertake an operations review and implement measures to improve workflow and profitability for long term growth.

“Springer Aerospace is grateful for the continued support of our employees, suppliers and customers and the Echo Bay community,” said Christopher Grant, CEO. “We look forward to building this business to serve the community for years to come, as it has done since 1972.”

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221124005279/en/

contacts

Christophe Grant, CEO

Springer Aerospace | 377 Lakeview Road. | Echo Bay, Ontario P0S 1C0
Direct line: +1 249 957 0167 | Toll free: +1 877 603 6633 ext. 202
Cell: +1 705 822 9463
cgrant@springeraerospace.com
springeraerospace.com

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