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Moncton Flight College signs contract extension worth $24M

April 9, 2008, Moncton, N.B. - Moncton Flight College (MFC) and Beijing University of Aeronautics and Astronautics (BUAA) has signed a 2-year flight training contract extension in Beijing.


April 9, 2008
Carey Fredericks

April 9, 2008, Moncton, N.B. – Moncton Flight College (MFC) and Beijing
University of Aeronautics and Astronautics (BUAA) has signed a 2-year
flight training contract extension in Beijing.  The deal is valued
at over $24M and will continue the flow of Chinese students entering
New Brunswick, Canada to take training at MFC bases located in Moncton
and Fredericton.  Between 300 to 400 students are expected to
arrive between May, 2008 and May, 2010. The initial 2-year contract,
signed in 2006, was about to expire and executives on both sides were
pleased to conclude the extension.

Mike Doiron, CEO of Moncton Flight College, made the following
remarks.  “Our initial deal with BUAA in 2006 launched MFC into
the China market.  The partnership with BUAA has been remarkable
and this important client has provided us with a platform for growth.
This contract will allow us to continue to work at modernizing and
expanding our fleet and facilities. It’s a wonderful working
relationship and this renewal is a vote of confidence in our quality
program and the individuals responsible for delivery.   This
contract renewal with BUAA will be the foundation for continued growth
at MFC and for international flight training in New Brunswick.”

Dr. Tang Wenzhong, Dean of BUAA’s Flying College, says this contract
marks a new chapter of a long term cooperation.  “Beijing is
anticipating a new start with the upcoming Olympic games.  Based
on our past success with Moncton Flight College, we consider this
contract renewal a new beginning for our University and its students as
well.”

Moncton Flight College received Civil Aviation Authority of China
authorization to train Chinese pilots in May, 2006.  BUAA became
Moncton Flight College’s first Chinese customer when students arrived
in July, 2006.  The College has since diversified its China
customer base by partnering with Air China, Air China Cargo, China
Eastern, Shenzhen Airlines and Xiamen Airlines.  In August, 2007
due to increasing demand, a second campus was opened in Fredericton in
partnership with CANLink Aviation.

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Mike Tilley, President of CANLink Aviation, says the Fredericton campus
has been rapidly building capacity to handle expected growth. 
“We’ve increased staff, number and type of aircraft, residence
buildings and will soon be moving to larger hangar facilities in
anticipation of this contract extension and the other demands that MFC
is receiving internationally.  MFC sets the standard for quality
training and it’s been exciting to be part of such a growing business.”