CAE to source pilots with $314M Oxford acquisition
CAE is expanding it global flight training capabilities and entering the pilot outsourcing business by acquiring Oxford Aviation Academy and a subsidiary for $314 million.
MONTREAL: CAE Inc. is expanding it global flight training capabilities and entering the pilot outsourcing business by acquiring Oxford Aviation Academy and a subsidiary for $314 million.
The Montreal-based company said the addition of seven training centres will increase its global network to 42 sites that will train civil aviation pilots, cabin crew and maintenance personnel.
The leading manufacturer of flight simulators will also add 40 simulator units for a total of 211.
The addition of four flight schools will increase its training capacity by 67% to 1,500 cadets annually at 12 locations around the world.
Oxford’s training facilities are located in Denmark, Norway, Sweden and the UK, and its academies are in Britain, US, Australia and Hong Kong.
CAE is also entering the pilot and maintenance crew sourcing business with the acquisition of Oxford subsidiary Parc Aviation. It has 1,200 employees on assignment with 50 airlines and leasing companies in 40 countries, primarily in Asia.
The new entity will be rebranded CAE Parc Aviation Personnel.
Oxford Aviation Academy had annual revenues of $280 million, split about evenly between training and pilot sourcing.
© 2012 The Canadian Press