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CJ reports: W-S lands major aircraft industry player without offering tax incentives

Sam Hieb reports for Carolina Journal:

WINSTON-SALEM — No big announcement. No contentious public meetings. No press conference. But most important no economic incentives.

News that MRO Holdings Inc. — a leader in the aircraft maintenance, repair, and overhaul industry — was setting up shop in Winston-Salem’s Smith Reynolds Airport drew little fanfare.

And that’s the way MRO Holdings chief executive officer Greg Colgan wants it.

“We’re not looking for handouts,” Colgan told Carolina Journal. “We’re here to do our part and establish some credibility.”

MRO Holdings announced earlier this month that it had signed a letter of intent to buy North State Aviation — a maintenance, repair, and overhaul company that in recent years had gone through a rough patch.

As the Winston-Salem Journal reported, North State Aviation abruptly went out of business in March 2017, eliminating more than 300 jobs. However, a management group reorganized and got the company up and running again, although the number of jobs was fewer than the original 345.

In the meantime, MRO Holdings was looking for an opportunity to get a foothold in North Carolina. The reorganized North State Aviation was an attractive purchase for three big reasons — infrastructure, workforce, and legacy.

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