Jan. 8, 2010
DIEPPE (CNB) - The provincial government is making an investment to help the Moncton Flight College (MFC) maintain 120 positions at its flight school in Dieppe.
The announcement was made today by Business New Brunswick Minister Victor Boudreau. He was joined by Post-Secondary Education and Labour Minister Donald Arseneault and Marilyn Galliott, MFC president.
"The Moncton Flight College is a New Brunswick success story with a bright future," said Boudreau. "The college is helping this province diversify its export economy by providing essential, skilled jobs for New Brunswickers and highly respected credentials to its graduates. I am proud that the government is providing MFC access to credit, as we have done with many other companies that need financial flexibility during these challenging economic times."
Business New Brunswick has reached an agreement in principle to provide the non-profit flight college with a $1.5-million repayable loan to help fulfil the terms of several existing international airline and university flight-training contracts. The agreement is subject to required approvals.
The Department of Post-Secondary Education and Labour, meanwhile, is providing MFC with more than $184,000 under its Workforce Expansion Program, which will subsidize wages for 41 employees. This initiative is funded by the Province of New Brunswick and the Government of Canada through the Canada-New Brunswick Labour Market Development Agreement and the Labour Market Agreement.
"I am pleased that the government could provide funding to support the efforts of the Moncton Flight College," said Arseneault. "I am confident this financial assistance will help MFC manage its growth with continued success in Moncton."
During a 2006 trade mission with Business New Brunswick, MFC signed a two-year contract with the Beihang University of Astronautics and Aeronautics. The contract was extended by two years in 2008 with the potential to extend it until 2014. In the meantime, the company has signed five more training contracts with Chinese airlines: Air China, Air China Cargo, China Eastern, Schenzhen Airlines and Xiaman Airlines.
During the last three years, MFC and its franchise partner, CanLink Aviation, have developed a two-campus college in Fredericton and Moncton. The Moncton campus has the capacity to train up to 240 students, while the Fredericton campus can handle up to 180 students.
The Civil Aviation Authority of China has approved MFC to train up to 360 students per year at the two campuses. This is the largest training quota granted by the Chinese authority outside of China, and it is the result of MFC's long history, good safety record and quality training.
The MFC continues to provide commercial pilot licences and credentials for the Canadian market.
"We are grateful for this vote of confidence from the provincial government and are very encouraged by the future possibilities for the Moncton Flight College," said Galliott.
MEDIA CONTACTS: Ashley Bursey, communications, Business New Brunswick, 506-461-0942, email@example.com; Marilyn Galliott, president, Moncton Flight College, 506-381-0107.