Global Pilot Training Group BAA Training secures €31 million financing for 10 Simulators!
One of the leading independent aviation training companies – BAA Training – today has announced it will be getting financing for its global expansion provided by UK Export Finance (UKEF) and US Apple Bank for Savings. Two companies belonging to Avia Solutions Group (ASG) – BAA Training and ASG Asset Management – were involved in signing the historic agreements with the leading financial institutions.
The €31 million worth deal is one of the most significant agreements for the Lithuania-based company throughout its existence. It will facilitate the acquisition of 10 new simulators used for aviation training manufactured by L3Harris Technologies:
- Two (2) Boeing 737 MAX full flight simulators (FFSs); and
- Eight (8) fixed base training devices (FTD Level 2) – Airbus A320 and Boeing 737 family.
The training simulators will be installed at BAA Training’s brand new facility in Barcelona – BAA Training Spain – the biggest simulator centre in Southern Europe.
Source: Excerpts from BAA Training Press Release.
For more information, kindly contact BAA Training.
You may also check our Terms and Conditions for our Content Policy.
Check out the more than 3661 relevant pilot training industry updates here.BACK
Pilot Training Industry Market Intelligence straight to your Inbox!
Subscribe to AFM’s Newsletter and stay up to date with what is happening in the Pilot Training Industry.