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January 15, 2004
Aerospace Action Partnership to provide long-term strategy for Toronto and Ontario aerospace industry
The Economic Development and Parks Committee yesterday endorsed the development
of the Aerospace Action Partnership, a long-term strategy to promote the health
and growth of the aerospace industry in Toronto and Ontario.

The Aerospace Action Partnership is a public-private partnership with Toronto
Economic Development; Ontario Ministry of Economic Development and Trade,
Industry Canada, Canadian Autoworkers (CAW), International Association of
Machinists and Aerospace Workers (IAMAW), Bombardier and the Ontario Aerospace

The Aerospace Action Partnership's first priorities will be to promote a sales
equity guarantee program, similar to Quebec's, so that Ontario's aerospace
industry is on a level playing field with others. There will also be a call for
meetings with the provincial and federal governments to engage their support
for the initiative. This will allow the industry to capture the world-wide
demand for regional aircraft which would create new local jobs. These new
orders will give the industry the flexibility to plan for the future.

"The aerospace sector is a strategic sector that is crucial to Toronto's and
Ontario's economic growth," said Toronto Mayor David Miller, "yet it faces many
challenges on a national and international level due to world events and
economic conditions. The creation of the Aerospace Action Partnership provides
a foundation to improve the sector's competitiveness in the global market and
help stimulate growth in the sector."

In addition to its immediate priorities, the Aerospace Action Partnership will
look to increase investment in research and technology development; invest in
new products and processes to sustain global competitiveness; create and
sustain a general business and regulatory environment that will promote and
facilitate industry growth; and increase Canadian content of aircraft and
Canadian sourcing of their components.

"The CAW welcomes the Aerospace Action Partnership," says Dawn Cartwright, CAW
National Aerospace Director. "The aerospace sector has a highly skilled and
highly paid workforce. An initiative such as this will help to encourage new
jobs and growth in the sector."

"The aerospace industry in Ontario welcomes a renewed and invigorated strategy
for growth. It is delighted that the City of Toronto and other partners are
active in this initiative," says Rod Jones, Executive Director, Ontario
Aerospace Council. "For aerospace manufacturers and suppliers, the creation of
the Aerospace Action Partnership provides the momentum to move forward
nationally and internationally."

As a leader in innovative advanced manufacturing, the aerospace industry is
crucial to Toronto's and Ontario's economic growth. Ontario aerospace firms
comprise a network of more than 350 companies which are primarily focussed on
systems and equipment, providing a broad range of aerospace/aviation design,
manufacturing, and product support for the global industry.

In 2002 the aerospace industry had about 11,800 employees in the Toronto area,
which is about 65 per cent of the Ontario aerospace employment and 19 per cent
of the Canadian aerospace employment. At the same time, it is an industry that
is experiencing negative growth due such factors such as the terrorist attacks
of September 11, 2001, corporate restructuring and a weak U.S. economy.

Media contact:
Economic Development Culture and Tourism Media Hotline



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