What Others Are Saying

“Maintaining Safety” (Low-Fare & Regional Airlines, April 2008)
In an editorial, Bernie Baldwin states that companies like ExelTech Aerospace thrive in the international marketplace because of their focus on safety.

“Québec-based companies listed on the TSX Venture Exchange” (La Presse; Montreal, January 4, 2008)
On this listing, ExelTech Aerospace is ranked at number 27 of the 109 Québec-based companies listed on the TSX Venture Exchange for its growth in 2007. [translation]

“Le titre d’ExelTech s’envole” (La Presse; Montreal, November 15, 2007)
The analyst Cameron Doerksen from Versant Partners said yesterday that the results were in line with their forecast. In spite of our concerns over the recent rapid rise of the Canadian dollar … we maintain our buy rating, he added in a report. [translation]

“Gearing up for next generation repairs” (Low-Fare & Regional Airlines, September 2007)
“ExelTech has achieved significant productivity gains over the last 12 months, with more gains to be realized in the months to come.”

“Les Affaires 500” (Les Affaires Magazine, July 2007)
ExelTech has entered the list of Quebec’s 500 biggest companies for 2006, ranked at number 308 by revenues and number 325 by employees.

“ExelTech reports first-ever profit; Cites regional jet repair market; Could expand outside Montreal and Quebec City” (The Gazette; Montreal, July 19, 2007)
“For the year, ExelTech reported $49.8 million in revenues during 2007, up from $32.3 million in 2006. Fourth quarter revenue of $14.3 million – a quarterly record for the company – exceeded analysts’ forecast of $10.9 million.”

"Prête pour une longue envolée" (La Presse; Montreal, July 9, 2007)
Cameron Doerksen from Versant Partners is very satisfied with the results. The financial results for its first three quarters have exceeded market expectations. I believe that ExelTech is in a position to continue to perform. [ translation ]

“Nouveau décollage pour ExelTech” (Les Affaires; Montreal, June 9, 2007)
Despite turbulences, ExelTech has never lost its good reputation amongst air carriers. Its flexible and quick services, its devoted management team and productive employees are recognized throughout the industry. [ translation ]

“Cost-Conscious Component Care” (Low-Fare & Regional Airlines, June 2007)
"Mexican regional carrier ALMA [ could have sent its heavy maintenance work to a ] Tucson, AZ, facility, a short hop across the US-Mexico border, to do its heavy maintenance. Instead, it chose to cross not just the US southern border, but also its northern boundary to have the work performed by ExelTech Aerospace in Montreal."

“ExelTech wins in Mexico” (The Montreal Gazette; April 7, 2007)
"ExelTech says yesterday it had won the contract with Aerolinéas MesoAmericanas de México to maintain and overhaul the airline’s Bombardier CRJ-200 aircraft. Since entering the CRJ repair market in April 2005, ExelTech customer base has grown to include 10 airlines, leasing companies and service providers."

“Selling a Solution” (Flight International; April 3, 2007)
"A stronger Canadian dollar and tougher global competition are twin challenges for the country's MRO sector… ExelTech Aerospace has responded by offering customers more than just touch labour."

“Southern Comfort” (MRO Management; Spring 2007)
"ExelTech is succeeding in the tough regional aircraft MRO business, despite competition from Latin America and other North American providers."

“De l’expansion ici ou à l’étranger” (La Presse; Montréal, February 22, 2007)
ExelTech is growing so fast that they now feel a little cramped in their Montreal installations [translation].

“Une croissance turbopropulsée” (La Presse; Montréal, February 22, 2007)
ExelTech is experiencing strong growth … by specializing in the maintenance of turboprop aircraft and has now entered the regional jet market [translation].

“Canada and Russia Meet for Cold Weather Summit” (Regional International: The Journal of the European Regions Airline Association; January 2007)
"Seven airlines from Canada and Russia met in December in the remote arctic community of Yellowknife (Canada) to share best practices in cold weather operations. The event was organized by Montreal-based maintenance-repair-overhaul specialist ExelTech Aerospace . . . "

“Split the Difference” (MRO Management; December 2006)
"In this article about Bombardier’s product support strategy, ExelTech Aerospace is named as one of two independent North American MRO facilities providing support for the CRJ in-service fatigue program."

“Prospects looking up for aerospace firm”, (The Montreal Gazette; November 22, 2006)
"ExelTech Aerospace has expanded capacity to handle more Bombardier CRJ regional jet and Dash 8 turboprop maintenance."

“ExelTech s’envole” (La Presse; Montréal, August 30, 2006)
The revival of popularity for turboprop aircraft is contributing to the success of Montreal-based ExelTech Aerospace [translation].

“Money in Regional Aircraft MRO” (Aviation Week & Space Technology; August 16, 2006)
"The regional aircraft MRO market is showing lots of potential. ExelTech Aerospace, one of the key MRO exhibitors at RAA, has seen its business grow at 80% a year over the last four years."

“Les Mecanos du Ciel” (Plan: La revue de l'Ordre des ingenieurs du Quebec; May 2005)
ExelTech Aerospace is a Quebec-based maintenance engineering firm that is quick to embrace new technologies [translation].

“A most successful management buyout” (Action Canada France: The Publication of The French Chamber of Commerce in Canada; May 2005)
"ExelTech is one of the largest maintenance centres in the world for ATR aircraft, but its relationships with French companies go far deeper."

“ExelTech Aerospace back on road to growth” (CBC Newsworld; April 5, 2005)
"Dr. Isaelle Dostaler talks about ExelTech's rapid response to the bankruptcy of a big customer."

“Dark Clouds had Silver Lining for ExelTech” (Montreal Gazette; January 31, 2005)
"Dorval-based company overcame a disasterous post-9-11 slowdown, by enabling airlines to outsurce maintenance, repair and overhaul services...In theory, the airlines' troubles should have dealt a crippling blow to Dorval-based ExelTech, as it did to so many industry suppliers. But the dark clouds turned out to have a big silver lining."

“Vision, Innovation and Passion Drive Canada's Best Managed Companies to Global Success” (Globe and Mail; January 17, 2005)
"ExelTech is one of Canada's most exceptional and successful companies, not only making a significant contribution to Canada's national economy and workforce, but also driving Canada's business presence across the globe."

“The Meteoric MRO” (Overhaul & Maintenance; December, 2004)
"ExelTech is looking for more room to handle its phenomenal growth. From the creation of a management buy out of the maintenance department of now defunct Inter Canadian Airlines, Exeltech has feathered its nicely since beginning operations four years ago."

“La mondialisatoin inquiète les PME de l'entretien” (La Presse; October 16, 2004)
ExelTech's business strategy positions it to capitalize on the globalization of the MRO industry [translation].

“Air Canada: 2000 emplois montréalais menacés dans les services techniques” (La Presse; October 16, 2004)
In a story about the restructuring of Air Canada's MRO subsidiary, La Presse asks if ExelTech could be a potential purchaser of some or all of the subsidiary's assets [translation].

“Les PME de la Banque Nationale 2004” (La Presse; October 1, 2004)
ExelTech is the gold medal winner for the Montreal region, for the second year in a row, in a program sponsored by the National Bank of Canada, IBM, Deloitte, La Presse, TVA and the Coopérative Fédérée de Québec that recognizes medium sized companies for their accomplishments, management and entrepreneurial spirit [translation].

“ExelTech signs $20m ATR maintenance deal with ASA” (Approach: The magazine of the Regional Airline Association; Summer 2004)
"The contract calls for ExelTech to carry out C-checks, avionics modification as well as structural repairs..."

“Engineering Choice” (Regional Airline World; June 2004)
"Aircraft maintenance has changed since the events of 9/11 and a new group of specialised suppliers, either owned by the airframers themselves or so closely allied with them as to be 'quasi-factory', has emerged to offer unprecedented expertise in a particular OEM's products...Canada's ExelTech typifies the emerging 'near-factory' maintenance shop."

“Marketing Maintenance Abroad” (Flightplan: The official publication of the Air Transport Association of Canada; Spring/Summer 2004)
"Features an interview with Derek Nice, President of ExelTech, and the recently appointed Chairman of ATAC's MRO Committee."

“Jetsgo with ExelTech” (Regional Airline World; May 2004)
"Canadian low-fare airline Jetsgo has renewed a maintenance agreement with ExelTech with a two-year, $11.5 million contract to service the airline's fleet of 14 MD-83 aircraft."

“ExelTech has won new contracts from five airlines” (Aircraft Technology Engineering & Maintenance; April – May 2004)
"New contracts have been awarded by Island Air, Continental Airlines, Air Guyane, Caribbean Star Airlines and Air Jamaica Express."

“Near or Far for MRO Value” (Regional Airline World; April 2004)
"Atlantic Southeast Airlines made a conscious decision to contract with ExelTech, according to VP engineering and maintenance Anthony DiNota...ExelTech has many years of experience and we were sure glad we found them."

“ExelTech recently announced it won contracts with five international airlines” (Commuter/Regional Airline News; April 5, 2004)
"All the work will be performed at its facility in Montreal."