Springer Aerospace near the Sault enters CCAA, but says no danger it will shut down
An aircraft maintenance company near Sault Ste. Marie is beginning restructuring proceedings.
Springer Aerospace is working with the company’s primary lender and key stakeholders as it works through the Companies’ Creditor Arrangement Act (CCAA) process.
At the same time, they’re attempting to reassure the public the company is not in danger of shutting down.
Springer Aerospace has been open since 1972 and is a major employer in the region. However, the pandemic negatively impacted the company to the point that it is seeking creditor protection.
“The employees don’t get affected, the clients certainly don’t get affected,” said vice-president Christopher Grant.
“We’re restructuring our financial balance sheet, and as a result, we’ve instituted the CCAA proceedings and we’ll be in this for a few months. But we’ll come out stronger for sure in the new year.”
Springer Aerospace, which currently employs around 100 people, specializes in converting passenger aircraft into cargo planes.
“We paint planes, we do heavy maintenance, we do engine work, we do pretty much everything a plane requires,” said Grant.
Theo Niemandt, director of maintenance, recently moved to Canada from South Africa. He said he’s impressed at the size of the operation.
“For where we are, in the middle of northern Ontario, for the amount of work and stuff that we do is pretty cool,” Niemandt said.
“I just fell in love with the place and I decided this is what I’m going to be doing.”
Grant said the company currently has about two years worth of contracts.
“We’re booked up quite a bit in advance and we’ve got a lot of work for these guys,” said Grant.
“This restructuring is a very welcome process that we look forward to going through.”
Area mayors have expressed some worry about the future of the operation, and they said they will be watching the situation as it unfolds.
Grant said it’s too early in the restructuring process to know exactly how it will impact the business, but he reiterated there is no cause for concern.
CTVNews.ca Top Stories
23 vehicles towed, dozens of tickets issued as rally marks one-year anniversary of 'Freedom Convoy' in Ottawa
OPS and Ottawa Bylaw officers issued 192 parking tickets and 67 Provincial Offences Notices in downtown Ottawa this weekend, as people gathered marked the one-year anniversary of the 'Freedom Convoy'.
'COVID is not done,' Canadian infectious disease expert says ahead of WHO announcement
While RSV and flu cases steadily decline in Canada, the World Health Organization is set to announce on Monday whether it still considers COVID-19 a global health emergency, but one infectious disease specialist says we still need to keep an eye on the coronavirus.
YouTube star MrBeast helps 1,000 blind people see again by sponsoring cataract surgeries
YouTube superstar MrBeast is making the world clearer -- for at least 1,000 people. The content creator's latest stunt is paying for cataract removal for 1,000 people who were blind or near-blind but could not afford the surgery.
Former Mississauga, Ont. mayor Hazel McCallion dies at 101
Former Mississauga, Ont. mayor Hazel McCallion, nicknamed 'Hurricane Hazel,' has died. She was 101 years old. Premier Doug Ford said McCallion died peacefully at her home early Sunday morning.
'24,' 'Runaways' actor Annie Wersching has died at 45
Actor Annie Wersching, best known for playing FBI agent Renee Walker in the series '24' and providing the voice for Tess in the video game 'The Last of Us' has died. She was 45.
Ukrainian kids find cellphone signal on hill, set up makeshift school
On a bleak, windswept hillside in northeast Ukraine, three young boys recently discovered a cell phone signal, something difficult to find in their region since Russia invaded their country. and they've set up a makeshift school around the signal.
Russian teen faces years in jail over social media post criticizing war in Ukraine
A Russian teenager must wear an ankle bracelet while she is under house arrest after she was charged over social media posts that authorities say discredit the Russian army and justify terrorism.
Father pushing Manitoba to follow Ontario, Saskatchewan in screening for CMV
Roughly one in 200 babies born in Canada today will have congenital cytomegalovirus, a virus that can lead to hearing loss, intellectual disability or vision loss. But with only two provinces screening newborns for CMV, one father is asking other health-care systems to do more.
Emotional prayer room ceremony marks 6th anniversary of Quebec mosque shooting
An emotional ceremony took place today marking the sixth anniversary of the Quebec City mosque shooting, held for the first time in the same room where many of the victims were killed. Six men died that night: Mamadou Tanou Barry, Ibrahima Barry, Khaled Belkacemi, Abdelkrim Hassane, Azzeddine Soufiane and Aboubaker Thabti were gunned down not long after evening prayers at the suburban Quebec City mosque.
Barrie
-
Three people in custody after robbery at Barrie telecommunications store
Three People are in custody after reports of a robbery at a telecommunications store in Barrie.
-
-
Man wanted on Canada-wide warrant arrested in Orillia
Police say man wanted on a Canada-wide warrant has been arrested in Orillia.
Toronto
-
Former Mississauga, Ont. mayor Hazel McCallion dies at 101
Former Mississauga, Ont. mayor Hazel McCallion, nicknamed 'Hurricane Hazel,' has died. She was 101 years old. Premier Doug Ford said McCallion died peacefully at her home early Sunday morning.
-
Trudeau remembers 'trailblazer' Hazel McCallion as tributes pour in for late Mississauga mayor
Late Mississauga Mayor Hazel McCallion is being remembered for the many ways she contributed to not only to the city she led for 36 years, but also the province and country following her death on Sunday morning.
-
Man dead after daylight stabbing in downtown Toronto; suspect in custody
A man is dead and a male suspect is in custody following a stabbing at a downtown Toronto apartment building on Sunday afternoon.
Ottawa
-
23 vehicles towed, dozens of tickets issued as rally marks one-year anniversary of 'Freedom Convoy' in Ottawa
OPS and Ottawa Bylaw officers issued 192 parking tickets and 67 Provincial Offences Notices in downtown Ottawa this weekend, as people gathered marked the one-year anniversary of the 'Freedom Convoy'.
-
Power outage partially shuts down O-Train service Sunday evening
A section of Ottawa's Confederation Line was out of service for more than 90 minutes Sunday evening due to a power outage. Full service resumed just after 10 p.m.
-
Red flag flying on Rideau Canal Skateway forces festival to cancel event
With the world's largest skating rink still closed, the Ice Dragon Boat Festival scheduled for next weekend has been cancelled.
Kitchener
-
Local group organizes townhall with WRPS Chief to discuss action against hate crimes
Sunday marks the 6th anniversary of a deadly attack at a Quebec City mosque where six men were killed and five others were critically injured.
-
'Could have been catastrophic': Fire official credits CO detector in helping save two people
The Waterloo Fire Department is crediting a working carbon monoxide (CO) detector for potentially helping to save the lives of two people early Sunday morning.
-
No injuries after fire at Cambridge McDonald’s
The Cambridge Fire Department said there were no injuries after a fire at a Mcdonald’s on Main Street in Cambridge.
London
-
'Precedent setting case': Southwestern Ontario judge rules homeless encampment can stay in park
It could be a watershed moment for homeless policies in Ontario. A judge denied a Region of Waterloo court bid for an injunction to have homeless encampments removed from land at Victoria Street North and Weber Street West in Kitchener due to too few shelter spaces, and the decision is already on the radar of city officials and homeless advocates in London.
-
'Police all over my yard': Neighbours recount 13-hour Woodstock, Ont. standoff
The Woodstock Police Service have arrested three men following an overnight standoff. Inspector Marci Shelton told CTV News London the incident began on William Street, just off Ingersoll Avenue shortly after 9 p.m.
-
Multiple engines respond to Sunday morning factory fire in London, Ont.
Seven London Fire Department vehicles, including an aerial unit, responded to an alarm at in the city’s northeast end Sunday. Just before 8 a.m., dispatchers were alerted to a structure fire at Zucora Home on Clarke Road, north of Dundas Street.
Windsor
-
Protestors, faith leaders, DWBIA chair call for Windsor city council to support SafePoint location
As Windsor city councillors consider rescinding their support for the previously-approved location for the SafePoint consumption and treatment site (CTS), protestors are expected to be outside city hall demanding the project move forward as scheduled.
-
Fire destroys LaSalle, Ont. home overnight
No one was home at the time of a house fire which started at 3 a.m. on Sunday. LaSalle Fire Service Chief Ed Thiessen said by the time crews arrived at 1077 Reaume Road the house was “fully involved” so they had to fight the fire from the outside.
-
Chatham man arrested for child exploitation offences
A 40-year-old man from Chatham is facing charges after he allegedly attempted to solicit explicit images from a teen girl using fake social media accounts, police said.
Montreal
-
Emotional prayer room ceremony marks 6th anniversary of Quebec mosque shooting
An emotional ceremony took place today marking the sixth anniversary of the Quebec City mosque shooting, held for the first time in the same room where many of the victims were killed. Six men died that night: Mamadou Tanou Barry, Ibrahima Barry, Khaled Belkacemi, Abdelkrim Hassane, Azzeddine Soufiane and Aboubaker Thabti were gunned down not long after evening prayers at the suburban Quebec City mosque.
-
Quebec basic income program begins, but advocates say many low-income people excluded
Anti-poverty activists are praising the Quebec basic income program as a good step toward helping people meet their basic needs — but say strict eligibility criteria exclude many of the province’s lowest-income residents.
-
Montreal will focus on clearing snow, not removing it, until snowfall stops
As snow continues to pile on Montreal's streets, the city has decided to pause its snow removal operation from last Friday's storm. In the meantime, crews will focus on plowing the streets to keep up with the snowfall that's currently pummeling the city.
Atlantic
-
Actress and former senator Viola Leger, best known as La Sagouine, dies at 92
Actress, teacher and former senator Viola Leger has died at the age of 92.
-
Calls grow for Ottawa to set conditions against funding private health care in negotiations with provinces, territories
As momentum and negotiations build toward a long awaited deal on federal health care funding, calls are also growing for specific conditions on how any transfer money should be spent.
-
'I personally am effected by that': Nova Scotians express outrage over death of Tyre Nichols
Horror, outrage, and pain are just a few words Robert Wright uses to describe his feelings after watching Tyre Nichols pinned and assaulted by officers in Memphis.
Winnipeg
-
Jennifer Jones returns to Canadian women's curling championship in Manitoba colours
Jennifer Jones wins Manitoba's women's curling championship
-
How Manitoba RV and boat dealers are coping with inflation
RV and boat supply shortages during the pandemic made getting the vehicles tough to obtain, but with stock back to pre-pandemic levels, other challenges are now on buyers' minds.
-
Jennifer Jones returns to Canadian women's curling championship in Manitoba colours
WINNIPEG - Jennifer Jones defeated Abby Ackland 10-5 on Sunday to win Manitoba's women's curling championship and qualify for the Scotties Tournament of Hearts.
Calgary
-
Foothills Fieldhouse discussion returning to Calgary City Hall
The Foothills Athletic Park redesign could get a little closer to reality on Monday.
-
The day the beer cooler fried: Craft brewer closes due to suddenly exploding suds
A Calgary craft beer store experienced its worst-case scenario Saturday night.
-
University of Lethbridge students push back against controversial speaker
The University of Lethbridge says a controversial guest speaker appearance will go ahead, despite pushback from some students.
Edmonton
-
Community town hall to focus on future of Hwy 16A and Range Road 20 intersection
The future of an intersection west of Edmonton in Parkland County, known by some as the "death trap" for being the scene of multiple crashes, continues to be reviewed by the provincial government.
-
Oilers feature U of A goalie during final moments of Saturday's Blackhawks win
A University of Alberta Golden Bears hockey goalie was doing homework Saturday night when he got the call that he would dress as the Oilers' backup.
-
Hundreds plunge into frozen Lake Summerside for Special Olympics Alberta
Edmontonians plunged into the freezing Lake Summerside Sunday afternoon in support of Special Olympics Alberta.
Vancouver
-
Dozens of animals killed in fire at Surrey exotic animal rescue
A fire at an exotic animal rescue in Surrey killed dozens of animals and displaced many more over the weekend.
-
Orthopaedic surgeries down 25% in B.C. public hospitals as private sector picks up slack
Orthoopaedic surgeons report that they’re doing only three quarters of the surgeries they used to in B.C.'s public hospitals, with an increasing number of taxpayer-funded procedures carried out in private facilities
-
B.C. couple says they were scammed by 'professional' wedding photographer who used stock images as portfolio
A Vancouver couple says they were scammed by a wedding photographer who used stock photos for his portfolio, delivered sub-par snaps of their big day, and then stopped taking their phone calls.