Provincial Budget Invests in Aerospace Jobs and Innovation

VICTORIA, BC--(Marketwired - February 16, 2016) - The Aerospace Industries Association of Canada Pacific today thanked the provincial government for its continued support and investment in B.C.'s aerospace industry. By re-affirming the government's 5-year, $5 million commitment, AIAC Pacific will continue to work with government and other partners to build a unified and sustainable aerospace cluster in B.C. AIAC President and CEO Jim Quick made the following statement.

"Today's announcement ensures that AIAC Pacific is able to continue its work creating high skill, high paying jobs; attracting new investment and R&D; and bring new aerospace capacity and capability to B.C.," said AIAC President and CEO Jim Quick. "Using this investment we will continue to leverage Federal and other funding to focus on creating 5 key industrial capabilities that will position BC's aerospace industry as a leader in Canada and around the world. We thank the government for its continued support and commitment to our industry."

About AIAC:

AIAC is the national association representing Canada's aerospace manufacturing and services sector. As the world's fifth-largest aerospace industry, Canada's aerospace sector contributes nearly $28B to the economy in GDP, exports 80% of its output, and dedicates over 20% of its activity to research and development (R&D). Aerospace is responsible for the employment of 172,000 Canadians. AIAC represents the interests of over 700 aerospace companies across Canada.

About AIAC Pacific:

In early 2014, AIAC created AIAC Pacific with a mandate to promote and develop aerospace business in B.C. by acting as an advocate and facilitator for its members with industry and government. AIAC Pacific speaks with a cohesive voice for the industry; it provides access for B.C. companies to national and international programs; and aims to develop a strong relationship with the provincial government. AIAC Pacific has a unique relationship with AIAC in that it is the only provincial entity managed by the AIAC. Through this relationship, AIAC Pacific is able to leverage participation in national and international programs designed to enhance business development, investment and global competitiveness.