Business

HondaJet expansion in Triad to create 419 jobs

Posted October 10, 2011 11:21 a.m. EDT
Updated October 10, 2011 5:56 p.m. EDT

Honda Aircraft announced a major expansion of its operations at the Piedmont Triad International Airport this afternoon, a move that Gov. Bev Perdue says will bring 419 jobs to the area.

Honda Aircraft has located its HondaJet private jet manufacturing facility and other operations at the PTI, as it is known. It will build a $20 million Maintenance Repair and Overhaul facility on the site as part of a larger plan to invest $80 million and add 419 jobs over the next five years.

Michimasa Fujino, president and CEO of Honda Aircraft, issued this statement Monday afternoon:

“After a rigorous evaluation of site alternatives, we concluded that we could best serve our customers and complement our HondaJet dealer service facilities by placing our MRO facility here in North Carolina, where we are delighted to begin writing this next chapter of our growth. This will also reinforce Honda’s contribution and support of state and regional efforts to continue developing the aviation and aerospace cluster in the Piedmont Triad Region.”

Local officials have pledged various tax incentives and have also asked the state to contribute to the package.

Perdue said the average salary of the new jobs would be $53,000 plus benefits, a sharp advantage over the Guilford County average of $39,000.

Honda is building its first-ever commercial aircraft in Greensboro, a light business jet scheduled to begin deliveries next year.

Honda's Greensboro jet factory now employs about 600 and expects to add up to 300 more as it reaches full production.

Honda has already received pledges of $1 million in incentives from the One North Carolina Fund.