Company Maneuvering To Bolster Its Aviation Training And
Products Position
Delta Connection Academy, Inc. and Aerosim Technologies, Inc.
have both been acquired by Flight Training Acquisitions(FTA), the
company announced Wednesday. Flight Training Acquisitions was
formed by equity sponsors Lincolnshire Management, Inc. and GTI
Group LLC, Delta Air Lines, Inc. and the management of both
businesses for the purpose of acquiring these two businesses.
Their goal is to position the company for future growth in the
areas of pilot provisioning, flight training and the development
and marketing of simulation-based products.
The acquisition brings together two recognized leaders in
aviation training and broadens the market reach of both
organizations. Based on Aerosim's cutting-edge high-fidelity
training technologies and Delta Connection Academy's
industry-leading curriculum and training facilities, the
organizations will leverage a comprehensive suite of training
programs and systems to deliver highly skilled, safety-focused
pilots who have been prepared specifically for success in the
demanding environment of flight operations throughout the world.
The combined company projects approximately $40 million of sales in
2010.
"We are very excited to combine these two outstanding companies
and their management teams," said Allan Weinstein, Managing
Director of Lincolnshire Management. "Aerosim Technologies and
Delta Connection Academy are well-established leaders in their
respective spaces that complement each other in order to offer a
comprehensive solution for the aviation industry to serve the
long-term demand for pilots." He continues, noting, "We hope and
expect to develop the premier global aviation training provider and
supplier."
"Based on experience with our current aviation interests in the
Asian market, we saw a clear opportunity for a strong training
service and product offering. The combined Aerosim and Delta
Connection Academy offering is just the first step in an intensive
expansion effort in this region," added Jonathan Schulhof, a
partner at GTI Group.
"Airlines are increasingly challenged to find ways to save
money on pilot training, yet the market absolutely demands that
they cannot sacrifice quality in their training program," stated
Dave Rapley,CEO of FTA. "This merger will establish a
next-generation partner that will be capable of offering highly
customized training solutions with a reputation for excellence."
Regarding pilot demand, Rapley states, "Delta Connection Academy
graduates are absolute top of the line pilots. We will continue to
enhance that record to provide operators with pilots they know they
can rely on as their needs increase."
Michael Lee, a Director at Lincolnshire Management, adds,
"Aerosim's training devices offer a cost-efficient solution to
airlines faced with ever-present capital constraints, but their
technology can also improve the overall quality of their training
programs. We are also extremely pleased to maintain an ongoing
partnership with Delta Air Lines, Inc., the world's largest
airline, and Delta Connection Academy has established a long track
record of graduating outstanding pilots who go on to fly for
leading airlines throughout the world."
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