CAE has secured financing to expand its business aviation training centres as it strikes another deal to provide factory-authorised training for an aircraft manufacturer.
The Canadian company has signed a 20-year deal to provide training for the Bombardier Challenger 300 and Global family of business jets.
Montreal-based CAE already has deals in place to provide factory-authorised training for the Dassault Falcon 7X and Embraer Phenom 100 and 300 business jets. These cover entitlement training that is included in the purchase price of the aircraft.
The $105 million in long-term financing, 60% from US investors and 40% from Export Development Canada, will support expansion of CAE's centres in Burgess Hill, UK and Morristown, New Jersey.
CAE is purchasing a Bombardier-owned Global Express full-flight simulator and relocating it from Montreal to Burgess Hill, its European centre for business-aviation training. The company will also build a Challenger 300 simulator for an unconfirmed site.
Bombardier will continue to operate a second Global Express simulator in Montreal and a Challenger 300 machine at CAE SimuFlite's training centre in Dallas, Texas. CAE says the two companies will work together to provide standardised training.
CAE has installed Falcon 7X simulators in Burgess Hill and New Jersey under its agreement with Dassault, and will offer Falcon 900EX/2000EX training.
FlightSafety International, meanwhile, is to add a fourth G200 simulator in its role as Gulfstream's factory-authorised training provider at Dallas/Fort Worth in late 2008. It willalso install a new G450/G550 at its Farnborough, UK centre in late 2009.
Source: FlightGlobal.com
