3-Points Aviation will move its corporate headquarters and manufacturing facility to P.E.I.; could create 30 jobs by June
CHARLOTTETOWN‑3‑Points Aviation is opening its corporate headquarters and CNC manufacturing facility in Charlottetown.
President and CEO John Druken said the company picked Charlottetown because of P.E.I’s experienced aerospace workforce. The province is home to 10 other aerospace companies.
“P.E.I. has an extremely friendly business environment and there are a lot of people here that have extensive working knowledge of our industry,” he said.
Druken said he hopes the move will create about 30 jobs by June.
The P.E.I. government is kicking in a $2 million repayable loan. The Atlantic Canada Opportunities Agency has granted the project another $500,000.
3-Points Aviation will focus its manufacturing efforts on airframe components, but will also use the new CNC facility to provide its repair services to clients like Bombardier, providing parts and services for its Dash-8 aircraft.
The company currently and sells airframe parts, engines, propellers, landing gear, flight control and ground service equipment. It employs about 20 people and has contracts with airlines in Canada, the U.S., Africa, Europe and Asia.
Druken said the rich aerospace workforce played a key role in the decision to move to Charlottetown, but also government loans and subsidies. The company has another facility in St. Johns, N.L.
He added competition will not be an issue despite the 10 other aerospace companies in the province.
“There are so many components to building an airplane that we all focus on different aspects of construction and repairs,” he said. “I don’t see the industry here getting saturated because of that.”