Air firm discussion tonight in Montrose
MONTROSE — The Montrose County Commission is hosting a special meeting tonight to determine whether Extra Aircraft will have a future home in Montrose.
The meeting is set for 7 p.m. at the Montrose County Fairgrounds’ Friendship Hall, 1001 North Second St.
Extra Aircraft, a German-based aircraft manufacturing company, chose Montrose for its first U.S. manufacturing facility, where it plans to build the company’s EA 500, a six-seat, single-engine, turboprop aircraft.
The county, the Montrose Economic Development Corporation and Extra Aircraft announced July 1 that Extra Aircraft had chosen Montrose to locate its manufacturing business.
Soon after, the county commission hired Evergreen-based Boyd Group International to do due diligence on Extra Aircraft. Findings from the Boyd report that was released last week said, “EXTRA has no current access to substantial lines of credit or capital to establish this facility in Montrose.”
The report said the risk to the taxpayers of Montrose County was too high, and the parties involved should work together to restructure a deal.
“We are working with Extra to find a solution that best suits everyone involved,” Commissioner Ron Henderson said.
Extra Aircraft Chief Executive Officer Ken Keith said in an interview Friday that the report contained many inaccuracies and omissions, and the commission should discard the report.
“We have a very viable company, and we’re going to build airplanes in America. The question is: Does Montrose want this or not? Do they want us to bring in these jobs or not?” Keith said.