CAE acquires Sabena Flight Academy to address global pilot shortage
June 09 2008 - 2:00AM
Marketwired
MONTREAL, QUEBEC (NYSE: CGT) - CAE has acquired Sabena Flight
Academy for cash consideration in order to expand its ab-initio
training capability and CAE Global Academy and to add new
type-rating training programs in Europe.
Sabena Flight Academy (SFA) specializes in ab-initio pilot
training as well as type-rating training for airlines. It operates
an ab-initio flight academy equipped with approximately 40 aircraft
in Mesa, Arizona, USA, and a six-simulator training centre in
Brussels, Belgium. Sabena Flight Academy is a JAA- and JAR-approved
Flight Training Organization (FTO) with 135 employees and more than
50 years of experience in professional pilot training.
"This strategic bolt-on acquisition is another step towards
developing our training network in order to better address the
global pilot shortage. It is also in support of our CAE Global
Academy as it will bring our capacity to train cadets to more than
1,400 a year globally. The acquisition will also enhance CAE's
ability to deliver type-rating training in Europe as it adds new
training programs and an extensive range of new customers to our
network," says Jeff Roberts, CAE's Group President, Innovation and
Civil Training and Services.
"Sabena Flight Academy is a first-class operation with a solid
management team and a proven track-record of profitability and
customer service. Its Brussels training centre and the mix of its
simulator fleet complement well our existing training network and
our Brussels training centre," Jeff Roberts added. "It is a
pleasure to welcome the leaders of SFA Jacques Waldeyer and Kris
Van den Bergh to the CAE team. Jacques will lead all of our
Brussels operations and Kris the flight training organization in
Arizona and contribute to the leadership of our global ab-initio
training operations."
About Sabena Flight Academy
Sabena Flight Academy (SFA) is one of Europe's oldest and most
respected pilot training organizations. After providing Sabena
Airlines with world class pilots for more than 60 years SFA has
become an independent training centre operating on two continents
and training more than 400 cadet pilots per year. SFA offers cadet
training, advanced training, medical services and aviation
consulting. These services are customer-oriented for airlines and
self-sponsored pilot candidates. The Brussels-based simulator
centre currently operates AVRO RJ85/100, Airbus 320, 330, 340 and
Boeing 737 and 737NG full-flight simulators. The Arizona, USA-based
flight academy currently operates a fleet of approximately 40
state-of the-art aircraft including a VLJ Eclipse. www.sfa.be
About CAE
CAE is a world leader in providing simulation and modelling
technologies and integrated training solutions for the civil
aviation industry and defence forces around the globe. With annual
revenues exceeding C$1.4 billion, CAE employs more than 6,000
people at more than 75 sites and training locations in 20
countries. We have the largest installed base of civil and military
full-flight simulators and training devices. Through our global
network of 27 civil aviation and military training centres, we
train more than 75,000 crewmembers yearly. We also offer modelling
and simulation software to various market segments and, through
CAE's professional services division, we assist customers with a
wide range of simulation-based needs. www.cae.com
FACT SHEET ABOUT SABENA FLIGHT ACADEMY:
- Founded in 1953 as the internal flight division of Sabena
Airlines
- 1 training facility in Brussels, Belgium, equipped with six
full-flight simulators : AVRO RJ85/100, B737 300/400/500, B737NG,
B737-200, A330/340, A320
- 1 flight ab-initio flight academy in Arizona, U.S. equipped
with 40 airplanes, including Pipers, Diamonds, Cessna, Eclipse
- Employees: 135
Contacts: CAE Inc. Nathalie Bourque, Vice President Public
Affairs and Global Communications 1-514-734-5788
nathalie.bourque@cae.com CAE Inc. Andrew Arnovitz, Vice President
Investor Relations and Strategy 1-514-734-5760
andrew.arnovitz@cae.com
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