The financial terms of the deal were not undisclosed.
The company will use the funds to expand service lines, infrastructure development, and build additional hangars.
Flying Colours Corp is a global aviation services company that provides Green Completions, Interior Refurbishment & Modifications, Heavy Maintenance, Exterior Paint, Special Mission Modifications, and Avionics Installations. With facilities in Canada, the USA, & Singapore, the company is an Authorized Service Facility for Bombardier and a Bombardier Preferred Completion Centre. It specializes in all mid to large sized business aircraft, including the Bombardier Global Express and Challenger families, Dassault Falcon, Beechcraft/Hawker and Gulfstream models and is also a GE Aviation Approved Service Centre.