Indianapolis, Ind. — AeroRepair Corp., an aircraft maintenance service provider, announced plans today to locate a satellite facility here, creating up to 27 new jobs by 2018.
The Londonderry, New Hampshire-based company, in partnership with its sister company Hemico, Inc., will invest $670,085 to lease, renovate and equip a more than 11,000 square-foot facility at 1810 S. Lynhurst Drive in Indianapolis, within three miles of Indianapolis International Airport. The facility, which opened in November, will allow the company to begin offering full-service aircraft brake, wheel and landing gear repairs and overhauls for regional, general and corporate aircraft throughout the Midwest.
“Companies like AeroRepair are soaring into the growing business community surrounding Indianapolis International Airport,” said Victor Smith, Indiana Secretary of Commerce. “With new direct flights added to Indiana airports with rising frequency, no more than a few hours now separate Hoosier businesses with partners and clients around the nation. That’s attracting out-of-state firms like AeroRepair to Indiana and propelling the future of our growing economy.”
AeroRepair, which currently employs 60 people across the nation, including 17 full-time Indiana associates in the new facility, has already begun hiring additional repair and overhaul technicians. Interested applicants may apply by contacting the company’s department of human resources at 603.836.3082.
“Our new facility in Indianapolis is the next step in the expansion of our network of MRO services and parts distribution,” said Daniel Bell, chief executive officer of AeroRepair Corp. “It was a substantial investment in the future of AeroRepair Corp. The selection of the facility and its location enable the company to provide industry-leading turnaround times while adhering to the highest quality standards. We look forward to growing our presence throughout the Midwestern region.”
Founded in 1994, AeroRepair specializes in the repair and overhaul of brakes, wheel assemblies and landing gear for commercial and military aircraft, regional airlines, general aviation and corporate aircraft. Certified by the Federal Aviation Administration and the European Aviation Safety Administration, AeroRepair also maintains rotable assets and critical aircraft components that are available on an exchange basis to facilitate time-sensitive repairs.
The Indiana Economic Development Corporation offered AeroRepair Corp. up to $190,000 in conditional tax credits and up to $50,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy, a business unit of the Indy Chamber.
“This announcement shows the broad economic impact of the Indianapolis International Airport, recently named best airport in the U.S.,” said Mayor Greg Ballard. “Our city is becoming a hot spot for high-tech job growth thanks to its great workforce, low cost of doing business and prime location.”
Indianapolis International Airport is home to the world’s largest airport solar farm, which expanded last month to include 76,000 photovoltaic solar panels. Producing enough energy to power 1,410 average American homes for a year, the solar farm helps make Indianapolis’ airport one of the most environmentally friendly in the nation.
AeroRepair, founded in 1994, is a Federal Aviation Administration (“FAA”) and European Aviation Safety Administration (“EASA”) certified repair station headquartered in Londonderry, NH, USA. AeroRepair specializes in the repair and overhaul of brake and wheel assemblies and landing gear for commercial and military aircraft, regional airlines, general aviation and corporate aircraft. The Company also manufactures replacement or modified aircraft parts under an FAA Parts Manufacturer Approval (PMA) certification through its sister company Hemico, Inc. In addition, AeroRepair maintains a large pool of rotable assets and critical aircraft components that are available on an exchange basis to facilitate time-sensitive repairs. To learn more visit (www.AeroRepairCorp.com) and (www.Hemicoinc.com) or call Tel: 800-289-2948 (toll free N. America), Tel: 603-657-7336
Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.
Source: Indiana Economic Development Corp.