Montréal, March 14, 2019 – DRAKKAR, a world-class company specialized in operational outsourcing within leading-edge sectors including Aerospace, and Avianor, a complete commercial aviation cabin integration specialist and Maintenance, Repair and Overhaul organization actively involved in the design, engineering, certification, manufacturing, repair and overhaul of cabin interiors, have finalized a partnership agreement which will enable Avianor to accelerate its growth strategy.

With the help of Ernst & Young Orenda Corporate Finance, Avianor strongly believes the strategic and Canadian-based company DRAKKAR is the best partner to secure the future of Avianor. Following this transaction, effective as of February 28, 2019, the Avianor board of directors now consists of Earl Diamond, CEO of Avianor, Sylvain Savard, President and Founder of Avianor, along with two new members from DRAKKAR, Denis Deschamps, President and CEO of Drakkar & Partners, and Benoit Hudon, President and CEO of their Manufacturing business unit.

Over the past twenty-four (24) years, Avianor has become a leader in the aviation industry by distinguishing itself through innovative problem solving, maintaining a skilled workforce and a flexible corporate culture. Although Avianor will remain an independent operation, DRAKKAR will now provide Avianor with strategic, tactical, financial, operational, business development and training support to help them accelerate and achieve their consolidation and growth plan while meeting customers’ satisfaction. Part of this plan also includes the renovation of a new and additional facility with over 100,000 sq. ft. of hangars and offices with airside access at the Montreal International Airport (Mirabel-YMX).

“This new partnership reinforces the global positioning of our business as a high-caliber outsourcing team with the ability to optimize operations while keeping in mind productivity, efficiency and quality. With over twenty-five (25) years of experience and expertise in outsourcing, this is a major turning point for our Manufacturing Business Unit as it opens the door to the convergence and deployment of its global service offer. DRAKKAR Manufacturing fits perfectly with our vision of creating our own innovative manufacturing ecosystem in one of our leading sectors, working collaboratively with our employees, partners, customers and suppliers as well as our own infrastructure”, said Denis Deschamps and Benoit Hudon.

“For us, this association with DRAKKAR reflects our determination and willingness to meet the needs of our existing and future clients and shows our concrete commitment to perpetuate Avianor activities over the long term and secure hundreds of jobs here in Quebec at the Mirabel Airport. With a current workforce of over two thousand five hundred (2,500) people and a solid experience in operations management, DRAKKAR will help us achieve the operational efficiency required of a large enterprise while ensuring personalized service is provided to all our clients”, added Sylvain Savard and Earl Diamond.

"It is a proud moment for Aéro Montreal to see these companies conclude a partnership agreement with the objective of uniting their forces and combining their complementary expertise to create a strong added value within the industry. In addition to fostering economic growth and job creation across Canada, this type of partnership contributes to an even stronger, more competitive and prosperous Quebec aerospace industry. It is a common and shared priority to ensure the visibility and influence of the companies that make up our industrial cluster, and in order to do so, we must effectively offer the OEMs more integrated solutions", concluded Suzanne M. Benoit, President of Aéro Montreal.