Market Intelligence: Indian Subcontinent

Global Pilot Training Solution Provider CAE Secures U.S. Navy Foreign Military Sales Contract to Support MH-60R Pilot and Mission Crew Training for India

CAE announced that CAE Defense & Security USA has been awarded a contract by the United States Navy under a U.S. Foreign Military Sales (FMS) program to provide two training devices and support of training MH-60R Seahawk helicopter pilots and mission crew to the Indian Navy.

The FMS contract valued at US$57M enables CAE to develop and deliver two training devices, an MH-60R Tactical Operational Flight Trainer (TOFT) and an Avionics Maintenance and Weapons Load Trainer (AMWLT), configured for the Republic of India Navy. The devices include hardware, courseware, network components, training, and documentation for the MH-60 platform. Device support will consist of upgrades with unique modifications, including an identification friend or foe (IFF) interrogator, IFF transponder, traffic collision avoidance system, anti-ship missile, and depth charge.

“We are honored to continue to support the U.S. Navy with the MH-60R TOFT and AMWLT devices,” says Merrill Stoddard, Division President, CAE Defense & Security, USA. “CAE’s unmatched experience as a platform independent training and simulation provider enables us to develop and enhance solutions that advance mission readiness.”

The MH-60R TOFT provides a total aircrew mission training system connecting a full-motion operational flight trainer (OFT) for pilot training with a weapons tactics trainer (WTT) to train rear-crew sensor operators and airborne tactics officers. The MH-60R OFT and WTT can be operated as standalone training devices or as a networked training environment to maximize readiness by allowing the pilot, co-pilot, and rear crew to interact and interoperate to conduct full mission training against highly sophisticated interactive threats, as they would during an actual mission. The AMWLT supports training maintenance and military personnel in critical tasks to ensure they are well-equipped to execute their aircraft support mission.

CAE Defense & Security USA has been the prime contractor for designing and manufacturing the MH-60R TOFTs and MH-60R AMWLTs for the U.S. Navy for nearly two decades. Delivering our first device as Ready for Training in 2011, CAE has since produced devices through the U.S. Navy FMS program supporting Australia, Denmark, Brazil, and South Korea.

About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we’re everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we’ll make sure our customers are ready for the moments that matter.

Source: CAE

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Comply365 Announces Acquisition of Training Management System Solution Provider Qualtero

Beloit, Wis. / Bristol, England / Tel Aviv, Israel – September 4, 2024 – Comply365, LLC (“Comply365”), a leading global provider of compliance and safety management solutions for the aviation, rail and defense industries, announced the acquisition of Qualtero Limited (“Qualtero”), a leading provider of solutions to optimize civil and military aviation training operations. The acquisition will create a leading global all-in-one compliance, safety and training platform for peak operational performance serving the aviation, defense and rail industries with over 140 customers located in over 30 countries on six continents. Terms of the transaction were not announced.

In January 2024, Insight Partners, a global software investor, and Liberty Hall Capital Partners (“Liberty Hall”), a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry, announced a strategic growth investment in Comply365 in connection with Comply365’s merger with VistairLimited (“Vistair”). The acquisition of Qualtero represents Comply365’s first acquisition since its merger with Vistair.

Commenting on the acquisition of Qualtero, Tom Samuel, Vice Chairman, and Rob Morgan, CEO, of Comply365 said, “We are delighted to welcome the Qualtero team into the Comply365 family. Qualtero is a world-renowned provider of innovative training and qualification management solutions for civil and military aviation, with a stellar global customer base. This acquisition brings together complementary product lines and talent, further bolstering our ability to deliver a unique value proposition to our customers by connecting the dots between operational content management, safety management, training management, and data analytics.”

Barak Kirmayer, CEO of Qualtero said, “The acquisition of Qualtero by Comply365 marks a significant milestone in Qualtero’s journey. We see immense synergy between the companies’ solutions and teams, and with the support of Comply365, we are poised to deliver even greater value and more innovative products to our combined customers.”

Henry Frankievich, Managing Director at Insight Partners said, “The acquisition of Qualtero is a natural extension of Comply365’s strategy to create a comprehensive compliance and safety platform serving the global aviation, defense and rail industries. We believe that the addition of Qualtero’s widely respected training and qualifications management capabilities will enable our customers to achieve the highest levels of operational excellence. We look forward to continuing to work with Liberty Hall to support Comply365 in their continued growth.”

James Black, Partner at Liberty Hall Capital Partners added, “With the acquisition of Qualtero, Comply365 extends the value proposition it offers to airlines, defense and rail organizations by expanding its capacity to power operational excellence with a leading training management offering. Along with our partners at Insight, we look forward to supporting Comply365’s continued growth, combining the strengths and expertise of both organizations to deliver even greater value to our collective customers.”

Legal advice to Comply365 was provided by Gibson Dunn & Crutcher, Willkie Farr & Gallagher and Goldfarb Gross Seligman. Qualtero was advised by DLA Piper and Barnea Jaffa Lande & Co.

About Comply365

Comply365 is a leading provider of Operational Content Management, Safety Management and Training Management in the highly regulated industries of aviation, defense and rail.  Comply365 provides a powerful combination of expertise and products underpinned by unified best practices, providing airlines, rail and defense organizations with a single digital platform to elevate operational excellence, transform safety management and training, with closer integration of relevant data sets across domains.By empowering airline, rail and defense organizations with an all-in-one compliance, safety, training and data platform, Comply365 ensures their crews and assets always geared for peak operational performance, unlocking unparalleled financial and operational gains through more streamlined, robust and agile operations. Comply365 is the trusted technology partner of many of the most progressive aviation and defenseorganizations worldwide with a global customer base of over 120 airlines, defense and rail organizations.

About Qualtero

Qualtero is a premier provider of training management solutions, empowering organizations to deliver impactful training experiences that drive compliance performance and growth. Qualtero specializes in developing innovative solutions for optimizing commercial and military aviation training operations. Its flagship products include Fox, a comprehensive Training Management System, and Qualtero EQMS, the most modern Qualification Management System. These tools help aviation training organizations of all sizes streamline processes, reduce costs, and enhance throughput.Qualtero’s team of talented and experienced professionals employ proven methodologies to ensure complete customer success, continuously enhancing its solutions with the latest technology to meet their evolving needs.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2023, the firm has over $80B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv and the Bay Area. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO.

About Liberty Hall

Liberty Hall Capital Partners is a private equity firm focused exclusively on investments in businesses serving the global aerospace and defense industry. Liberty Hall’s principals have a 25-plus year history of working together and have led the investment of over $2.5 billion in equity capital in over 25 businesses serving multiple segments of the aerospace and defense industry. Liberty Hall was founded in July 2011 as the first, and remains the only, private equity firm focused solely on investments in middle market businesses serving the aerospace and defense industry. Liberty Hall executes a proven and repeatable investment strategy designed to transform middle market businesses into larger, more capable and diverse strategic assets.

Source: Qualtero
Photo Credit: Qualtero

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Indian Airline Seeks Candidates for Airbus Junior First Officer Program – September 2024 Intake

India’s largest low cost carrier IndiGo has announced its September 2024 hiring initiative for Airbus Junior First Officer (JFO) program together with global pilot training solution provider CAE.

Entry Requirements:

  • Must be an Indian National or OCI Card holder.
  • Possession of a current Indian DGCA-issued CPL or higher license with a Multi-Engine Instrument Rating endorsement.
  • Valid Indian COP/RTR, FRTO License, and Class I medical certificate.
  • Valid Indian Passport.
  • Proficiency in English, both written and spoken.
  • Minimum of 25 hours of Multi-Engine time, including 10 hours on a Multi-Engine simulator.

Additional Details:

  • All licenses must be valid as of the date of the written test.
  • Age requirement: Candidates must be between 18 and 40 years old as of the date of the written test.
  • Candidates are required to submit scanned copies of specific documents, including their resume, CPL/ATPL, RTR, FRTOL, Class 1 Medical, Passport, and additional documents for TRZT candidates.

Examination date: 22 September 2024
Last date of application: 8 September 2024

*candidates awaiting issuance/renewal of their license from the regulatory body can apply.

For more information and to apply check out the IndiGo Airbus JFO Program form.

Source: IndiGo and CAE
Photo Credit: IndiGo

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Indian Airline IndiGo Appoints 2024 Assistant Chief Pilot Training (SIM)

India’s largest low cost carrier IndiGo has appointed Captain Mohit Chopra as its new Assistant Chief Pilot Training (SIM). Captain Chopra was previously Fleet Captain Training (Flight Ops) Designated Examiner A320/321.  To know more about Mr. Chopra, connect with him through his LinkedIn Profile.

Source: Mohit Chopra (IndiGo)
Photo Credit: IndiGo (shown as meta image)

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Global Flight Training Group AeroGuard’s Cadets Secure All India Rank No. 1 in July 2024 DGCA Regulations Exam

Phoenix, United States headquartered global flight training group AeroGuard Flight Training Center, which operates a number of flight training bases in the United States, announced in 2024 its selection by Air India as the flag carrier’s preferred flight training provider. In August 2024 it proudly announced that two of its Batch 1 Air India Cadets, Aditya and Navneet, have achieved the prestigious All India Rank No. 1 in the DGCA On Demand July exam for Regulations. This remarkable accomplishment reflects their dedication and hard work as they embark on their journey towards becoming professional pilots.

“Two of AeroGuard’s Batch 1 Air India Cadets achieved All India Rank No. 1 for their DGCA On Demand July attempt for Regulations. Congratulations Aditya and Navneet, we can’t wait to celebrate your continued success as you start flight training with AeroGuard!” shared AeroGuard.

About AeroGuard Flight Training
AeroGuard Flight Training Center is a global leader in ab initio flight training with three U.S. campuses that offer accelerated commercial pilot training programs for airlines from all over the world. With a commitment to safety and student success, AeroGuard’s high quality training has established airline-ready cadets for over 20 years with more than one million flight hours of training experience and graduating over 7,000 cadets.

Source: AeroGuard
Photo Credit: AeroGuard

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US Aviation Academy Adds Nepal CAA Approval as Approved Training Organisation

Texas – United States based US Aviation Academy (USAA), one of the largest aviation and pilot training organizations in North America which recently announced it had already enrolled more than 500 aspiring pilots to its 2024 flight training courses, has received Approved Training Organisation approval from the Civil Aviation Authority of Nepal.

USAA’s flight training takes place across 6 flight training campuses and is conducted using a fleet of more than 130 training aircraft.

About US Aviation Academy
US Aviation Group came under current ownership in 2006 and has grown from a hand full of Piper Warriors and a Seneca to one of the largest Part 141 flight academies in the country with over 130 aircraft at six locations. US Aviation’s growth is a product of professionalism, a commitment to safety, and excellence in training. These core values have made US Aviation Academy the choice flight training partners for colleges nationwide. In 2021 US Aviation launched its first Part 147 airframe and powerplant mechanic program which is rapidly expanding with three locations.

Source: US Aviation Academy

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World’s Largest ACMI Provider and Aviation Conglomerate Avia Solutions Group Reports Euro 1.2 Billion in Revenue for H1 2024

Avia Solutions Group, the world’s largest ACMI provider (Aircraft, Crew, Maintenance, and Insurance) services and owner of global pilot training group BAA Training, announced that in its first half results of 2024 it reported a 34% growth in EBITDA year-on-year to €179 million.

Over the first half of 2024, European customers accounted for 55.1% of revenues, while Asia accounted for 27.9%. The Americas, Africa, Australia and Pacific Islands represented 11.8%, 2.7%, and 1.2%, of revenues respectively.

Driving this increase in revenues, and a 44% increase in net profit for the second quarter of 2024 compared to the second quarter of 2023, was the implementation of Avia Solutions Group’s ongoing strategy of investing in bolstering its capacity in a timely manner to meet the continued strong demand from airlines globally for additional aircraft during their peak seasons.

The Avia Solutions Group has ongoing plans to further expand its global presence and ability to offer capacity solutions, particularly during peak seasons, to airlines around the world. The Group is planning to obtain further air operator certificates (AOCs) in Malaysia, Thailand, Philippines and Brazil in the near future.

As part of this strategy, the Group completed the acquisition of Australian based Skytrans in the first half of 2024. The obtained AOC brings the total number of air operator certificates held by the group to 11.

“Our performance over the first half of 2024 underscores our strong market position and ability to meet the rising demand for passenger aircraft. Our 44% growth in net profit for the second quarter is a testament to our team’s dedication and the trust our airline partners place in us, particularly during the peak holiday season in counter seasonal markets. We remain committed to driving further growth and delivering value to our stakeholders.” Jonas Janukenas, CEO of Avia Solutions Group, said. “As such, we will continue to expand our worldwide services operations, fleet capacity and capabilities to continue delivering exceptional services across passenger and cargo operations to customers.”

Testament to investor confidence in the Group’s strategy is the increase of group equity capital by €307 million to €655 million over the first half of 2024. Part of this growth in group equity capital included US-based Certares Management LLC, a private equity investment firm which invested into Avia in 2021, electing to convert its preferred shares to ordinary shares.

To further the Group’s business development initiatives, Avia Solutions Group also successfully issued US$300 million of five-year senior unsecured bonds with coupon of 9.75% in the first half of 2024.

Avia Solutions Group offers its services to customers including some of the largest airlines in the world. The group operates in 68 countries around the world and consists of 100+ companies providing a wide range of aviation services like aircraft maintenance and repair (MRO), pilot and crew training, ground handling, and more. The group’s team encompasses 12,000 highly qualified aviation professionals.

Source: Avia Solutions Group

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