CAE acquires stake in China Southern’s flight training college
June 2, 2010, Perth, Australia - CAE Inc. has acquired a 43 per cent ownership interest in China Southern Airlines' pilot training school in Western Australia.
June 2, 2010 By The Canadian Press
The Canadian company will manage the school, which becomes the 11th location for the CAE Global Academy. Financial terms weren't disclosed.
The China Southern West Australian Flying College operates from two training bases, Jandakot Airport just south of Perth and Merredin Airport about 250 kilometres east of the Western Australia state capital.
The two locations have capacity for more than 280 cadets.
The school has 45 single-engine and twin-engine turboprop aircraft and high-performance jets, onsite aircraft maintenance, flight simulation training devices, classrooms, and living accommodations.
"This joint venture acquisition is another step towards developing our training network in order to better address the global pilot shortage,'' said Marc Parent, CAE's president and CEO.
"As many as 18,000 new pilots will be needed per year over the next 20 years globally and one of the highest demands is expected to be in China.''