CAE is to buy Bombardier’s Business Aircraft Training (BAT) business for US$645 million (£492m).
The Bombardier BAT business includes a modern fleet of full-flight simulators (FFSs) and training devices covering the Learjet, Challenger and Global product lines, including the latest large cabin Global 5500, 6500 and 7500 business jets.
Marc Parent, CAE’s President and CEO, said, “This transaction represents a win-win for both companies.
“We look forward to having increased addressability in the large market of Bombardier business jet operators, and to providing customers with a world-class training experience.
“Market fundamentals in business aviation are strong and the business we are acquiring is well-supported by a large installed base. We are expanding our position in the largest and fastest growing segment of business aviation training at an opportune time.”
Earlier this year, CAE estimated that there will be a need for 50,000 new business aviation pilots over the next ten years in its 2018 CAE Airline and Business Jet Pilot Demand Outlook, available for download at www.cae.com/civil-aviation.