- Expanding its Scottish base at Almondbank, near Perth
- Two Scottish Enterprise grants worth £250,000
23 January 2013 - Vector Aerospace, the international provider of maintenance, repair and overhaul (MRO) services for fixed wing and helicopter operators, is expanding its capabilities and workforce at its Scottish base at Almondbank, near Perth.
Following the loss of a major helicopter repair contract earlier in the year, the company has restructured its Scottish business to take on the repair of aero engines which will create 70 new jobs thanks to two Scottish Enterprise grants worth £250,000.
These funds will allow the company to invest in a new training programme and create new jobs as part of major expansion plans.
Mick O'Connor, Business Director for Component Services at Vector Aerospace, said: "We are also investing in the future of our business by transferring equipment and capabilities from other Vector Aerospace facilities to the site here in Perthshire and investigating new market opportunities, including composite repair technology and aircraft landing gear. By doing this, we have been able to re-employ a number of people we lost earlier this year which has been great for morale and confidence at the site.
"These grants were a vote of confidence by Scottish Enterprise and the Scottish Government in our plans for the future."
Commenting on the news, Scottish Finance Secretary John Swinney said: "Vector Aerospace has recognised the strength and talent of its Scottish workforce and it is clear the company has confidence in the future of the Almondbank facility."
Vector Aerospace Corporation was created in 1998 and has facilities in Canada, the United States, the United Kingdom, France and South Africa. It holds approvals from some of the world's leading Original Equipment Manufacturers (OEMs) including AgustaWestland, Boeing, Sikorsky, Rolls-Royce, Eurocopter, Pratt & Whitney Canada, General Electric, and many other manufacturers and suppliers.
Source: Scottish Development International