Investing in Alice Springs infrastructure
The Northern Territory Government is creating more local jobs with the Alice Springs Asia Pacific Airport Storage and Maintenance Facility the latest recipient of a $1 million investment through the Local Jobs Fund.
This investment will create 21 direct jobs over the next 12 months and will directly boost the Territory’s economy by $5.8 million - with a further flow on effect of $5.2 million.
Since 2014, national and international commercial aircrafts have been stored or serviced at the Alice Springs facility where previously, aircraft storage services were almost exclusively undertaken in the United States.
This investment will see the expansion of the existing Alice Springs facility to increase storage capacity from 20 to 50 aircrafts in response to industry needs and global economic factors resulting in increasing occurrence of assets being grounded.
Airlines, leasing companies and trading companies all utilise aircraft storage services at various points in an aircraft life cycle in order to assist and manage low utilisation, fleet disposals, lease returns, repossessions and post-acquisition transitions.
To find out more about the fund, go to the Local Jobs Fund website.