CAE has acquired Oxford Aviation Academy (OAA) for C$314 million (US$310 million).
Marc Parent, CAE’s President and CEO, said, “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. 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.”
CAE says that all its ab initio training locations will retain or adopt the OAA name. This will bring the CAE-operated network of flight schools to twelve, with a capacity to train 1,500 cadets annually. Parc Aviation will be renamed CAE Parc Aviation Personnel.
OAA has seven type-rating training facilities in Denmark, Norway, Sweden, the United Kingdom and Hong Kong, equipped with 40 full-flight simulators and 27 cabin crew trainers. OAA offers approved flight crew, cabin crew and aircraft maintenance training on a range of aircraft types including Airbus, Boeing, Bombardier, BAE Systems, Embraer and Saab.
The company was acquired from STAR Capital Partners and the GE Corporation.