Canadian completions and conversions specialist Flying Colours is on its way to establishing a presence beyond its North American base, after agreeing a deal with a Hong Kong-based provider of business aviation services.
Under a memorandum of understanding the firm was expected to have signed with Metrojet at the National Business Aviation Association convention in Las Vegas, Nevada, on October 10, Flying Colours envisages an Asian "base of operation."
The Peterborough, Ontario-based company last month indicated that talks with Metrojet, a maintenance and management specialist, had been under way since the beginning of the year. Delivery of a Flying Colours-completed aircraft to Metrojet had "grown the relationship," and there has been "a lot of referral work on both sides," it said.
Flying Colours undertook due diligence of Metrojet as a precursor to the memorandum. The structure of the partnership is to be ratified in mid-2012.