Market Intelligence: Indian Subcontinent

Flight Training Management Software Announces Additional Growth Investment

FlightLogger, the leading provider of cloud-based flight school management software, has secured an additional, significant growth investment from Arcadea Group, a permanent capital investor in high-growth VSaaS companies. This marks the second growth equity investment led by Arcadea in FlightLogger, with the first completed in 2022.

With this new investment, FlightLogger is poised to accelerate its product roadmap and market coverage, including groundbreaking features like an AI-driven auto-scheduling suite and advanced analytics tools, ensuring that flight academies using the software remain at the cutting edge of technology and efficiency.

Paul Yancich, Managing Director of Arcadea, highlighted the strategic decision behind the additional investment: “FlightLogger has surpassed our expectations and has an even bigger opportunity than we had originally thought. This capital will accelerate what they’re already doing so well.”

Mads Larsen, CEO of FlightLogger, added, “While competitors are driven by short-term financial targets, FlightLogger remains focused on delivering value and innovation for the long haul. Our long-term success relies on our ability to continuously add more value to flight academies. This investment allows us to accelerate our ambitious roadmap, including our soon-to-be-released AI-driven auto-scheduling suite, insights tools, and other products and enhancements.”

Kenneth Jeppesen, Founder and continued equity holder of FlightLogger, added, “Our vision for the industry is bold and ambitious. We’re thrilled to be able to add additional resources in order to execute against our customer-centric approach to growth.”

About FlightLogger
FlightLogger, founded in 2011, provides a comprehensive cloud-based platform designed specifically for flight schools. The software integrates scheduling, student management, maintenance tracking, and billing into one seamless system, helping flight schools of all sizes operate more efficiently. FlightLogger’s platform is used by 200 flight schools across Europe, Asia, North America, and beyond.

About Arcadea Group
Arcadea Group invests in high-quality, capital-efficient, founder-led software companies over ultra-long-term durations. With offices in Toronto, Canada, and Orlando, Florida, and investments globally, Arcadea leverages its permanent capital structure to support the long-term growth potential of industry-leading SaaS vendors.

Source: Flightlogger

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Hyderabad-based AVIACONS Showcases India Assembled TAV 1000i Trainer

Hyderabad, India – AVIACONS, an aviation training services organisation specializing in ab-initio training of pilots, showcases their TAV 1000i which is a BATD & G1000 trainer. The device was first shown at the Indian Airshow Wings India 2024 and since then has seen a number of orders from other training centers.

This Basic Aircraft Training Device (BATD) provides a realistic simulation of aircraft controls and systems for pilot training and helps pilots practice and refine their skills in a controlled environment. Garmin 1000 Procedure Trainer Simulates the Garmin 1000 avionics suite, allowing pilots to practice navigation, communication, and aircraft management procedures.

Source: AVIACONS
Photo Credit: AVIACONS

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L3Harris Airline Academy Inducts 2024 IndiGo Cadet Pilot Program Batch in September 2024

L3Harris Airline Academy, which conducts the flight training for Indian students in Sanford – Florida, United States and which opened applications for the 2024 IndiGo Cadet Pilot Program in July 2024 has now welcomed 12 new aspiring pilots.

India’s largest low-cost carrier IndiGo has extended its Cadet Pilot Program agreement with L3Harris Commercial Aviation in 2023. “We are pleased to confirm we have extended our agreement with Indigo for the Cadet Pilot Program. This extension strengthens our relationship with Indigo and reaffirms the faith the airline has on the quality of training delivered by L3Harris. Our recent intake of students are currently undertaking their ground school training and we now look forward to welcoming the next intake soon!” shared L3Harris Commercial Aviation in 2023.

Source: Rahul Waghmare (L3Harris Airline Academy)
Photo Credit: L3Harris Airline Academy (shown as meta image)

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Airbus Announces Commercial Aircraft Orders and Deliveries for the Month of August 2024

In August 2024, European aircraft manufacturer Airbus:

  • Delivered 47 aircraft to 31 customers
    • 5 A220-300
    • 12 A320neo
    • 24 A321neo
    • 1 A330-900
    • 4 A350-900
    • 1 A350-1000
  • Secured 46 orders
    • 10 A220-300
    • 3 A320neo
    • 30 A330-900
    • 3 A350-900
  • Year to date Airbus has delivered 447 aircraft to 75 customers.

AFM Team Note – kindly contact us for a detailed Excel breakdown of orders and deliveries by airline.

Source: Airbus
Photo Credit: Airbus

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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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