Fri, May 23, 2014
Multi-Airplane Deal Includes Single- And Twin-Engine Trainers
A "major" purchase agreement has been announced by CTI Professional Flight Training and Diamond Aircraft. CTI Professional Flight Training selected the Diamond DA20-C1 as its primary trainer and the Austro Engine-powered DA42 as its complex, multi-engine trainer.
CTI President and CEO, Alan Mullen, states: “We looked carefully at all competitors in the marketplace; at the end of the day Diamond's safety record, low operating costs, modern design, training effectiveness and excellent customer service and warranty support left no rational alternative. We look forward to a long and mutually beneficial relationship with Diamond and Premier as we execute our aggressive business plan.”
Premier Vice President of Piston Sales, Jeff Owen, added: “Premier is proud to have arranged this fleet purchase. CTI's selection of the most modern, safe and cost effective flight training aircraft available, coupled with their unique capabilities, positions them to be amongst the most successful flight training academies in the nation.”
Diamond Regional Distribution Center Premier Aircraft Sales of Fort Lauderdale, Florida negotiated the agreement which includes training, support and acquisition of a fleet of 22 aircraft plus ten options with a total value of $7.8 million.
Following the successful acquisition of Professional Flight Training, LLC in the spring of 2014, CTI's flight academy operations are being conducted by its wholly owned subsidiary, CTI Professional Flight Training, located in Fort Lauderdale. New operations are scheduled to commence at CTI's facilities in Millington, TN in the summer of 2014.
(Images from file)
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