Deadline extended for farmers
OTTAWA -- Western farmers unable to market last fall's crop due to rail delays and other transportation issues stemming from flooding have been granted more time to repay their 2013 cash advances.
The federal government's Advance Payments Program fronts money to farmers based on the value of their agricultural products so as to improve their cash flow throughout the year.
Agriculture Minister Gerry Ritz says grain and oilseeds producers in Manitoba, Saskatchewan, Alberta and British Columbia are being given an extra six months to repay. The six-month grace period extends to producers who received an advance through the Manitoba Corn Growers Association.
StandardAero lands Aussie deal
STANDARDAERO has partnered with an Australian aerospace firm to land a $42-million contract to service airplane engines for the Royal Australian Air Force (RAAF).
The contract, which it won in partnership with Airbus Group Australia Pacific, involves overhaul and repair work on propulsion support systems on the RAAF's fleet of Orion planes. Some of the service work will be performed at RAAF facilities, while some will be done at StandardAero's Winnipeg facility, which is the largest maintenance, overhaul and repair (MOR) facility in its global network of 13 facilities.
StandardAero said the new contract builds upon a $104-million contract it received earlier this year from the Commonwealth of Australia to overhaul and repair the propulsion systems in its C-130J aircraft.
In a written statement, StandardAero noted the contracts allow for extensions that potentially see the overhaul and repair work continuing until 2020 for the Orion planes, and until 2030 for the C-130J aircraft.
-- The Canadian Press / staff