Maule Aircraft gets a line of credit - WALB.com, Albany News, Weather, Sports

Maule Aircraft gets a line of credit

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By Jennifer Emert - bio | email

Moultrie, GA (WALB) –  The economy has hurt business for Moultrie's Maule Air, but a line of credit could help them rehire employees.  The Moultrie-Colquitt County Development Authority approved a quarter-million dollar line of credit for Maule, which builds float planes.

The money will allow them to finish their newest type of plane, so orders can start rolling in. It's a diesel plane, powered by 'Jet-A', a fuel that's available across the world.

"We've got to promote it world wide, we've got to ramp up for production and this line of credits going to help us do that also we've got several government sales, international sales that are going to bring quite a few sales into the company," said V.P. of Sales for Maule Air, Brent Maule. 

"It's gap financing it's there to help us create jobs and help local businesses," said Darrell Moore of the Moultrie Colquitt Development Authority.

The loan will be matched with another $250,000 from a private lender. Maule executives hope to bring back as many as 60 employees when they're able to start taking orders on the new planes.


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