Echo Bay, Ontario-based full-service aircraft MRO business Springer Aerospace has commenced restructuring proceedings under the Companies' Creditors Arrangement Act to restructure its operations and financial affairs. The facilities are located at the company's privately owned airport at Bar River, just 15 km east of Sault Ste Marie in northern Ontario.

Springer is a key employer in northern Ontario with approximately 100 employees. Many of Echo Bay's 1,600 residents derive income and economic benefit from the company; it services nearly all the airlines and private operators and air ambulances that transport passengers, food, fuel and medical supplies into fly-in and Indigenous communities.

Springer Aerospace is focused on long-term growth. The company expanded its operations and service offerings in 2020 with the construction of a new hangar.

As part of the restructuring, Springer Aerospace is continuing to work with its primary lender, Desjardins, and other key stakeholders. It will be undertaking an operations review and will implement steps to enhance workflow and profitability for long term growth.

“Springer Aerospace is grateful for the ongoing support of our employees, suppliers and customers and the Echo Bay community,” says CEO Christopher Grant. “We look forward to building this company to service the community for years to come, as it has done since 1972.”