OLATHE, Kan., Feb. 15, 2011 — Butler National Corporation (OTC Bulletin Board: BUKS), a leader in the growing global market for structural modification, maintenance, repair and overhaul (MRO) has been retained by OceanAir, a Brazilian MRO company, to perform special mission modifications on three Learjet Model 35 airplanes. OceanAir is part of Synergy Group.
“This is a highly specialized modification and electronics integration package,” said Jose Efromovich. “We would only entrust such technically sophisticated work to Butler’s Avcon Group. We have been working with Butler for three years and look forward to our continued relationship as we keep expanding in the rapidly growing Latin American market.”
Christian Vila, Director of Latin & South American sales for Butler National added, “Avcon is the leading provider of Learjet modifications in Brazil. We believe we will see strong demand for this and other Avcon modifications in the future including commercial aircraft.” Synergy Group, which is the parent company of OceanAir, also owns 67% of AviancaTaca with approximately 150 aircraft.
Butler National’s expanded presence in Brazil continues its effort to leverage a major global growth trend in aviation. According to recently published reports the global deliveries of new aircraft are projected to total 56,900 by 2029 and the total global fleet will approach 70,000 for commercial and business aircraft. This represents more than $3 trillion in value with most of the growth coming from Latin American, Asia and the Middle East.