CAE Acquires Oxford Aviation Academy | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

Airborne Hi-Def On YouTube

Airborne 04.25.16

Airborne 04.26.16

AEA2016 LIVE!!! 0830-1230ET

AEA2016 LIVE!!! 1400-1700ET

AEA2016 LIVE!!! 1100-1400ET

AEA2016 LIVE Aero-TV: 04/27-0830ET, 04/28-1400ET, 04/29-1100ET

Sun 'n Fun 2016 Innovation Preview on Vimeo!

Sun 'n Fun 2016 Innovation Preview on YouTube!

Sun, May 20, 2012

CAE Acquires Oxford Aviation Academy

Adds Seven New Civil Aviation Training Centers, 40 Full-Flight Simulators

CAE has acquired Oxford Aviation Academy (OAA) for $309 million. The company says the acquisition strengthens its civil aviation training by increasing its training center footprint, growing its Ab-Initio flight training network and extending its portfolio by adding OAA's Parc Aviation.

"We are very excited about this acquisition as it enables us to offer our customers more locations and additional training capacity as well as a new service for pilot and maintenance crew sourcing. We have greatly enhanced CAE's industry-leading position with the addition of two of the industry's strongest brands in Ab-Initio aviation training and crew sourcing: Oxford Aviation Academy and Parc Aviation," said Marc Parent, CAE's President and CEO. "Civil aerospace market fundamentals are strong and we are increasing our position at an opportune time. With this acquisition, CAE responds to market demand with an increased footprint and a complete end-to-end solution for commercial aviation."

The acquisition strengthens CAE's position in capturing the long-term and growing market demand for aviation professionals:

  • Adds seven new civil aviation training centers offering pilot, maintenance and cabin crew training to its global network for a total of 42 civil training locations worldwide
  • Adds 40 full-flight simulators for a total of 211 full-flight simulators
  • Adds four of the industry's most renowned flight academies (Ab-Initio flight training organizations) with a capacity to train over 600 cadets annually, for a total CAE-operated network of 12 flight schools with a capacity to train 1,500 cadets annually. The Oxford Aviation Academy has enjoyed a 50-year pedigree of excellence, and the CAE-operated flight schools will now be branded CAE Oxford Aviation Academy.
  • Broadens portfolio by extending into pilot and maintenance crew sourcing through Parc Aviation, which currently provides 1,200 aviation personnel on assignment to 50 airlines and leasing companies in 40 countries, primarily in Asia. Parc Aviation will now be branded CAE Parc Aviation Personnel.

Oxford Aviation Academy (OAA) had revenues of approximately $276 million during CAE's fiscal year 2012 and the purchase price represents approximately 9 times OAA's EBITDA during the same period. The acquisition will be accretive to CAE's earnings in fiscal year 2014. CAE has financed the acquisition with a new senior unsecured credit facility.

FMI: www.cae.com

Advertisement

More News

Aero-News: Quote Of The Day (05.02.16)

“The past months were amazing for ARCA Space Corporation, as the ArcaBoard was prepared for production. We couldn’t be happier knowing how fortunate we are to create an>[...]

Delta Orders Additional Airbus A321 Jets

Order For 37 More A321s Brings The Total Order Book To 82 Of The Large Narrowbody Aircraft Delta Air Lines has reached an agreement with Airbus to acquire 37 additional A321s as pa>[...]

Klyde Morris (05.02.16)

Klyde: The More Things Change, The More They Stay The Same! FMI: www.klydemorris.com>[...]

FAA Small UAS Rules Getting Closer

Proposed Regulations For Small UAS Operation Have Been Forwarded To The OMB For A Final Look After waiting for an extended time, the FAA has finally forwarded its proposed regulati>[...]

Airborne 04.26.16: Drone v Airplane-NOT!, eFusion Electric Plane, ANN@AEA-LIVE!!

Also: MU-2 AOA, AMA Responds To Senate FAA Reauthorization, ANN@AEA Live 04/27-0830ET, ANN@AEA Live 04/28-1400ET, ANN@AEA Live 04/29-1100ET A report of a drone possibly colliding w>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC