To the untrained eye, Global Aircraft Industries might appear as a large yard with airplane shells and neatly organized scrap metal – however it is actually a huge warehouse for all types of spare parts that saves the aircraft industry thousands of dollars every year.
Global Aircraft Industries serves the aviation industry by supplying a community of general aviation pilots, aircraft maintenance facilities and aircraft mechanics with a huge selection of quality used aircraft parts, aircraft salvage, used aircraft engines, and used avionics. The company professionally dismantles, preserves and documents aircraft equipment to ensure their clients get quality parts with a known history.
Founded in 1985, Global Aircraft Industries has operated successfully over the past 25 years at Villeneuve Airport, north of Edmonton. The business operates on 10 acres of leased land and a building space of approx. 22,000Sq. Aircraft that make up their inventory have been either been retired or are received due to bad weather conditions, airport flooding, mechanical malfunction or pilot error resulting in an incident.
Owner, Abe Silver has decided to retire from the business to spend more time with family. Global Aircraft Industries will be auctioning its inventory of parts this summer as it winds down business. The company’s estimated asset value is approximately $1.9 million which includes inventory of $1.8 million. The land and building space is currently being leased and is available for purchase separately.
We wish you well in your retirement Abe!
If you are interested in purchasing this property or getting more information please click to visit the property listing.
Written by Jonathan Saah, Sturgeon County Economic Development Business Development Specialist