- See www.cae.com/funding/ for a list of partners
MONTREAL, Sept. 10, 2020 /PRNewswire/ - (NYSE: CAE) (TSX:
CAE) – CAE announced today the launch of a new financing initiative
for aspiring pilots in collaboration with financial institutions
around the world.
With this initiative, CAE is connecting aspiring pilots with
banking partners that offer specific financing solutions for pilot
training, making the profession more accessible to those who wish
to pursue their dream of flying for a living.
Approved partners will speed up the processing of applications
and will offer competitive rates. In addition, future CAE pilots
will have access to a dedicated team that understands the reality
of future pilots and a centralized point of contact in each of the
participating banking institutions.
"Financing is a major barrier to becoming a pilot. CAE's
partnership with financial institutions will help aspiring pilots
finance their studies and make their dreams come true," said
Nick Leontidis, CAE's Group
President, Civil Aviation Training Solutions. "Despite the impact
of the COVID-19 crisis on the aviation industry, CAE foresees
significant demand for new commercial pilots over the next 10
years. Because it takes approximately two years to become a
qualified airline pilot, this funding program will ensure that we
can meet the demand for pilots when the industry recovers. As the
global training partner of choice, we are pleased to be able to
make it easier for aspiring pilots to train with us."
For more details about this initiative and how to benefit from
it, go to www.cae.com/funding/.
CAE is in discussions with other financial institutions to
expand the geographical footprint of this initiative.
About CAE
CAE is a high technology company, at the
leading edge of digital immersion, providing solutions to make the
world a safer place. Backed by a record of more than 70 years of
industry firsts, we continue to reimagine the customer experience
and revolutionize training and operational support solutions in
civil aviation, defence and security, and healthcare. We are the
partner of choice to customers worldwide who operate in complex,
high-stakes and largely regulated environments, where successful
outcomes are critical. Testament to our customers' ongoing needs
for our solutions, over 60 percent of CAE's revenue is recurring in
nature. We have the broadest global presence in our industry, with
approximately 10,000 employees, 160 sites and training locations in
over 35 countries. www.cae.com
Follow us on Twitter @CAE_Inc
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LinkedIn: www.linkedin.com/company/cae
Hashtags: #CAE; #CAEpilot
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content:http://www.prnewswire.com/news-releases/cae-launches-new-financing-initiative-for-aspiring-pilots-in-collaboration-with-financial-institutions-around-the-world-301127887.html
SOURCE CAE INC.