Flying Colours signs deal with Sparkle Roll Technik Co.
Oct. 22, 2014, Orlando, Fla. - Flying Colours Corp. has announced the signing of a multi-million dollar Joint Venture agreement with Sparkle Roll Technik Co., Ltd., a business jet technical solution provider within Sparkle Roll Aviation (Holding) Group.
With the phase one hangar facility set up at Linyi City in Shangdong Province China, the main business focus for the new JV will be on private jet cabin modification and aircraft maintenance. The first project, which will begin later this month, will see eight B-registered CRJ-200 aircraft, procured by SRT, converted into VIP configurations.
The work schedule for each of the initial aircraft modifications is expected to take up to eight months and will be undertaken at Flying Colours Corp., Peterborough Canada. The later conversions will have the interiors monuments manufactured in North America, with the JV’s technicians completing the final installation in China. As part of the agreement, Flying Colours Corp. will train the technicians of the JV in specific interiors techniques in Canada and will provide on-site support for the ultimate installation in China. In addition, Flying Colours Corp. team will handle all final aircraft certification.
The regional cabins will be converted into a VIP configuration mirroring the Bombardier Challenger 850. As part of the process, Flying Colours Corp. will develop and own the new Supplemental Type Certificates (STCs) relating to the interior configurations which will then be validated by the Civil Aviation Administration of China, CAAC. Each aircraft will also benefit from the installation of Flying Colours Corp’s supplemental fuel auxiliary system as engineered by Flying Colours Corp. specifically for CRJ conversions.
The agreement follows numerous discussions between the senior management teams of both companies following the Asian Business Aviation Conference & Exhibition, ABACE, earlier this year. “Sparkle Roll Aviation management was familiar with our ExecLiner conversions and green 850 completion experience and knew we had experience with the CAAC. Our understanding of the certification paperwork, registration process, STCs and extensive modification knowledge complemented their ambitions to further develop this sector of their aviation business. We are excited about working with them and believe we are one of the few international companies to have formed such an agreement with a Chinese aviation company. We are looking forward to a long and prosperous relationship,” said John Gillespie, President Flying Colours Corp.
“This is an important day for our company as we further our strategic plans to become one of China’s leading aviation houses offering a full range of services to the high net worth market. Our brand is recognized for its provision of luxury products of the highest quality so selecting the right partner for our conversion and modification was a significant decision. We recognize that Flying Colours Corp. complements our existing skill-set and welcome the additional knowledge they will bring to our business,” commented Mr. LI Xuefeng (Lee LI), Executive Director/CEO of SRA and Chairman of SRT.
Once converted, the VIP jets will be sold to individuals or operated by Sparkle Roll Jet Co. Ltd (SRJ), the operational subsidiary of SRA. It is anticipated that the agreement will expand to include a wider range of aircraft conversions, modifications and maintenance in the future with both companies eyeing up the opportunities in the wide body sector.