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CTC announces management buy out by private equity firm

 

Flight Training Organisation CTC Aviation Group Ltd has announced completion of a management buyout of CTC by private equity firm Inflexion. The company has stated that the move is to ‘enable acceleration in its international growth plans.’

With the benefit of the external funding that Inflexion brings, CTC plans to grow into the worldwide market and invest in additional resources to satisfy its training requirements. The company has stated its aim to maintain continuity, although there is some change in personnel with Chris Clark named as the President of CTC and Robert Clarke becoming Group CEO. Senior Advisor to Inflexion, Yagnish Chotai, will also join the board as non executive Chairman.

Rob Clarke, Group CEO of CTC, commented, “The industry has recently seen some consolidation and we are now even better placed to service the needs of our airline clients who demand not only the highest quality of training, but also a bespoke and personalised service. We are delighted to be partnering with the team at Inflexion, who share our vision and enthusiasm in providing world leading services and who, with their global network and significant experience, can help us grow faster and further within this exciting industry.”

Karen Bath, Head of Corporate Communications at CTC added, “We’re delighted with the news, but in real terms, it’s very much business as usual.”

The CTC and Inflexion deal was completed on 21 June 2012. The financial terms of the transaction will not be disclosed. For more information on CTC, visit www.ctcaviation.com or www.ctcwings.com