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Oklahoma Boosts Aircraft MRO Via State Tax Breaks

Larry Findeiss is now an Air-vangelist, an expression officials in Oklahoma use to describe their passion for telling the world that Oklahoma, believe it or not, is an aerospace mecca.

Findeiss on Thursday was appointed as the first executive director of the Oklahoma Aerospace Industry Association, a group charged with seeing to the interests of the state's 300 to 400 aerospace companies.

According to Findeiss, previously the sales director of the landing gear component repair services of Lufthansa Technik/Hawker Pacific Aerospace, aerospace accounts for more than 140,000 jobs in the state, with one in 10 people working in the industry, and it generates more than $12 billion in annual revenues.

The Industry Association in its first year secured a state tax exemption through the state legislature for MRO work on aircraft under 9,000 lbs. On tap for next year could be a pooling of insurance money to help MROs set up shop in the state. Findeiss says airlines require an MRO to hold about $200 million in liability insurance.

— John Croft

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