Construction On New Hangar Complex Should Begin In April

Construction could begin as early as April on a new maintenance facility at Plattsburgh International Airport (KPBG) in New York state. Laurentian Aerospace Corporation announced Wednesday that it has completed the initial closing of its overall financing for the project, with the final closing will take place on or before March 17, 2011.

Robin Wohnsigl, President and Chief Executive Officer of Laurentian Aerospace said: “Work will begin immediately on various aspects of the project including the design and development work which, actually, has been in process now for a few weeks. Robson Woese and Cianbro Corporation will now move forward with the details required to start construction at the Plattsburgh International Airport in late April, 2011.”

Hangar Exterior Artist's Concept

Laurentian also confirmed that with the construction program now officially underway, the company expects to begin commercial operations in late 2012 or early 2013. Eric Jergensen, CEO of Verdant Technical Solutions, LLC and Verdant Capital Group, LLC which are providing funding for the Laurentian project, said: “We are very proud to be involved with Laurentian and look forward to the start of construction of the project. We have enormous confidence in the Laurentian management team and in our combined business plans. We are especially enthusiastic regarding the local and regional support for this project and the addition it will make to the economy of the region.”

Hangar Interior Artist's Concept

Gary Douglas, President of the The North Country Chamber of Commerce, called the milestone "an historic day for the North Country. This will transform Plattsburgh International Airport into North America's newest emerging aerospace center, not only putting us in the aerospace business, but doing it in a way that positions us at the forefront of new technology and innovation."

FMI: www.laurentianaerospace.com, www.verdantcapitalgroup.com, www.montrealairport-us.com