The Ministry of Finance has announced that the aircraft maintenance firm Aeroman will be expanding its operations in the country, including investment in expansion of its installations.
According to comments made by Minister Tharsis Salomon Lopez in a meeting with journalists, they are in the final phase of negotiations with the firm Aeroman aircraft maintenance, which will be expanding its operations in El Salvador, where it has operated for more than five years.
Canada's Aeroman plans to build two new hangars in Comalapa to service six aircraft simultaneously.
Ernesto Ruiz, CEO, said that Aeroman's plans include building additional capacity for aircraft maintenance in the next five years.
"The future investment, which could reach $60 million, will be implemented in two phases. The figure includes the infrastructure and equipment," noted an article in Elsalvador.com.
If the necessary measures are implemented , the aviation industry could attract an investment of at least $150 million in three or four projects.
This was revealed by a feasibility study on the aviation sector in El Salvador, said Joan Rojas, president of ALG-Europraxis. This document was presented during the first day of the El Salvador Logistics Forum 2030, which is taking place in the country.
There are companies interested in investing in this industry but they need clear rules before making the decision to go to El Salvador.
"Here, what the government needs to do is move with agility in order to outpace other countries who are going the same route, they have to be more aggressive in putting together a proposal for all the players involved, which is what Mexico did and it is still attracting investments," said Ernesto Ruiz, CEO of Aeroman.
Aeroman’s expansion plans depend upon the solution of the current conflict between the legislative and judicial powers, due to the legal uncertainty it generates.
The Executive Director of Aeroman, Ernesto Ruiz, said that the Canadian company Aveos, the majority shareholder of Aeroman, is closely following the current conflict and will not continue with its expansion plans until it has been resolved.
The closure of Aveos in Canada will not affect the aircraft maintenance company in El Salvador, which will open its fourth hangar in April.
The closure of operations in Canada by Aveos, the company which owns Aeroman in El Salvador will not affect the business of this aircraft-maintenance firm- or its employees, announced Aeroman’s management in the Central American country.
With an investment of $15 million Aeroman has begun construction of a fourth hangar for aircraft maintenance.
In order to expand operating capacity, Aeroman is investing in the new hangar, which will operate three production lines, creating 500 new jobs and increasing their ability to meet increased demand from the United States.
Since arriving in El Salvador, the company has invested nearly $ 40 million, designated for the construction of three hangars in which they operate eight production lines, performing aircraft maintenance.
To invest more in the Salvadoran aircraft maintenance industry, the company requires better airport infrastructure.
Aeroman is a company that provides aircraft maintenance services in El Salvador. It is preparing to invest $20 million in its eight operation line, but this initiative requires that authorities improve roads and infrastructure at and around the main airport of the country.
The Investment Promotion Agency of El Salvador (PROESA) is promoting the concept for which it has already hired an expert firm in aeronautical development.
El Salvador already has a good basis for developing an aircraft industry in Aeroman, originally a TACA division that offered maintenance services to the airline's fleet and was acquired in 2006 by the Canadian company, Aveos Fleet Performance Inc.
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In December 2006, Montreal-based ACTS bought 80 per cent of Aeroman, the narrowbody aircraft maintenance division of El Salvador's national carrier Grupo TACA.
Despite Southwest's decision, a new hangar with two lines now under construction at Aeroman's San Salvador facility won't stay empty for long, said Chahram Bolouri of ACTS Aero Technical Support & Services Inc.