Indoor Skydive appoints iFLY Perth builder

Company News


Indoor Skydive Australia Group Limited (ASX:IDZ) says it has appointed Metrowest construction as the builder of its third iFly facility in Perth. 
 
Metrowest won the tender process which included an engineering phase offering alternative design and construction methods that would result in time or cost savings. 
 
The construction will take place in separate stages with timelines and quality control to be approved before the next stage gets underway.
 
Under the terms of the contract iFLY expects operations to be complete and iFLY Perth to open by the end of 2016 with capex of between $14-$15 million.
 
Indoor Skydive reported a net loss of $190,000 for the six months to the end of December 2015. 

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