The Farnborough International Airshow, like the International Paris Air Show at Le Bourget, is an essential rendezvous for the aerospace industry. Numerous investment projects are launched and take flight there, while others are officially unveiled.
This year’s results are evidence of a healthy, competitive industry that is maintaining its momentum. For example, RTI Claro, the Québec subsidiary of U.S. company RTI International Metals, announced a $10-million project to increase its machining capacity for titanium components used in the aerospace industry.
U.S.-based LTA Aerostructures, which announced that it is setting up shop in Montréal, has an intriguing project for northern Québec: the production of airships able to transport up to 70 tonnes of freight.
Tech Mahindra, an Indian multinational that provides engineering and IT services for the aerospace sector, among others, announced that it is establishing its Canadian head office in Montréal.
Finally, Export Development Canada (EDC), UK Export Finance (UKEF) and Investissement Québec (IQ) announced a financing partnership for customers of Bombardier’s CSeries aircraft. The group will actively look for opportunities to work together to provide financing solutions for CSeries customers among the world’s commercial airlines and lessors.