SIA-CAE pilot training joint venture in Singapore to commence operations
July 18 2018 - 5:15AM
Singapore Airlines (SIA) and CAE (NYSE:CAE) (TSX:CAE) announced
today that they will launch operations of their new Singapore CAE
Flight Training Pte. Ltd. (SCFT) joint venture for pilot training
in Singapore next month. SIA and CAE have concluded the
establishment of the joint venture company and all regulatory
approvals have been obtained. Plans for the joint venture were
announced in August last year, when a Memorandum of Understanding
was signed.
The joint venture will provide simulator and
classroom training with an initial focus on Boeing aircraft types,
supporting SIA Group airlines and other operators’ pilot training
needs in the region. The equally-owned joint venture will operate
out of the Singapore Airlines Training Centre (STC) located near
Changi Airport.
SIA will transfer four of its full-flight Boeing
aircraft simulators to the venture, while additional new CAE-built
training equipment including the Boeing 737 MAX and 787
aircraft type full-flight simulators and flight training devices
will be deployed by June 2019. The training facility will provide a
full range of initial type rating and recurrent training programmes
for Boeing 737 MAX, 747, 777 and 787 aircraft types.
“The establishment of Singapore CAE Flight
Training brings together the expertise of both SIA and CAE to cater
to increasing demand for trained pilots worldwide fuelled by the
industry’s strong growth. The joint venture will support the SIA
Group’s fleet and network expansion plans, as well as our strategy
to develop new revenue-generation opportunities through adjacent
businesses. It will also continue to further enhance Singapore’s
position as a leading aviation hub,” said Singapore Airlines CEO,
Mr Goh Choon Phong.
“CAE is very proud to officially begin our
training joint venture operations with our partner of more than 40
years. Together, Singapore Airlines and CAE will deliver
world-class pilot training to Singapore Airlines and to other
airlines in the region, supporting the fast-growing training needs
of operators in Asia-Pacific. We are committed to offering the most
innovative and best training experiences to our airline partners
and we look forward to continuing to shape the future of training
in partnership with Singapore Airlines,” said CAE’s President and
CEO, Mr Marc Parent.
About Singapore Airlines
The SIA Group’s history dates back to 1947 with
the maiden flight of Malayan Airways Limited. The airline was later
renamed Malaysian Airways Limited and then Malaysia-Singapore
Airlines (MSA). In 1972, MSA split into Singapore Airlines (SIA)
and Malaysian Airline System. Initially operating a modest fleet of
10 aircraft to 22 cities, SIA has since grown to be a world-class
international airline group.
Singapore Airlines is committed to the constant
enhancement of the three main pillars of its brand promise: Service
Excellence, Product Leadership and Network Connectivity. The SIA
Group fleet and network are also expanding in support of the
development of its portfolio strategy, in which it has investments
in both full-service and low-cost airline operations. This
portfolio of airlines serving short-, medium-, and long-haul
markets gives the SIA Group more flexibility and nimbleness, with
the right vehicles to serve the right markets.
About CAE
CAE is a global leader in training for the civil
aviation, defence and security, and healthcare markets. Backed by a
record of more than 70 years of industry firsts, we continue to
help define global training standards with our innovative
virtual-to-live training solutions to make flying safer, maintain
defence force readiness and enhance patient safety. We have the
broadest global presence in the industry, with over 8,500
employees, 160 sites and training locations in over 35 countries.
Each year, we train more than 120,000 civil and defence crewmembers
and thousands of healthcare professionals worldwide.
www.cae.com
For further information, please
contact:
Singapore Airlines Public Affairs+65 6541-5880
(office hours)+65 9753-2126 (after office
hours)public_affairs@singaporeair.com.sg
CAE General Media Hélène V. Gagnon, Vice
President, Public Affairs and Global Communications+1-514-340-5536,
helene.v.gagnon@cae.com
CAE Investor Relations Andrew Arnovitz, Vice
President, Strategy and Investor Relations+1-514-734-5760,
andrew.arnovitz@cae.com
CAE Trade MediaFrédéric Morais, Marketing
Leader, Civil Aviation Training Solutions+1-514-506-8331,
frederic.morais@cae.com
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