Market Intelligence: -Investments and Acquisitions

US Based Sterling Flight Training Expands with Acquisition of Flight School in Florida

Sterling Flight Training, a leading Part 141 flight school based in Jacksonville, Florida, United States, proudly announces its expansion to Tallahassee with the successful acquisition of Florida Aviation Training Center. This strategic move marks a significant milestone in Sterling Flight Training’s commitment to providing unparalleled aviation education and training opportunities, and expansion of its career pilot training programs and partnerships with Liberty University and Purdue Global University.

With FAA satellite approval in the pipeline for Part 141 operations, Sterling Flight Training is poised to bring an array of comprehensive training programs to Tallahassee. This expansion represents a commitment to fostering growth and providing enhanced learning experiences for students.

“As we embark on this exciting journey of expansion to Tallahassee with the acquisition of Florida Aviation Training Center, I am inspired by the boundless possibilities that lie ahead,” said Wayne Heller, CEO of Sterling Flight Training. “Our commitment to excellence, coupled with the rich aviation legacy of Tallahassee, will bring a lot of opportunities to the community in a time where the industry is in demand of well-trained pilots.”

Heller, who served as Executive Vice President and Chief Operating Officer at Republic Airways, from 1999 to 2015 was the chief architect of a strategic growth plan that focused on training thousands of pilots to support a rapidly expanding organization, creating one of the nation’s safest airlines. That industry knowledge and expertise, alongside a team of seasoned professionals, now supports preparing the future generation of pilots through Sterling Flight Training.

The Jacksonville campus provides FAA- and Florida VA-approved flight training courses and programs to equip its students with all the necessary licenses, ratings and certifications to begin their aviation careers while providing access to the most current training materials and methods.

The new location is 3244 Capital Cir SW, Tallahassee, FL 32310, at the Tallahassee International Airport. For now, the Tallahassee location will continue to operate under the Florida Aviation Center branding and programs, until Part 141 approval is obtained for the satellite campus.

About Sterling Flight Training

Sterling Flight Training, a portfolio company of Wexford Capital LP, is Jacksonville’s premiere flight school, offering programs from private pilot to professional pilot. Backed by a team of airline industry veterans with more than 100 years of combined aviation experience, the Sterling team has led the training initiatives for thousands of airline pilots across the US. Students receive training they can trust with safety always top of mind. The school is FAA and VA approved, and offers degrees through both in-house training programs and university affiliations.

Source: Sterling Flight Training
Photo Credit: Sterling Flight Training

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VR/MR Flight Simulation Headset Developer Vrgineers Successfully Closes 6 Million USD Series A Investment

Vrgineers is thrilled to announce that it has secured an impressive investment of 6 million dollars, led by Taiwania Capital. This investment is a testament to Vrgineers’ vision and shared commitment to driving transformative change within the technological industry. Vrgineers is proud to be the first company in the Czech Republic to receive investment from Taiwania Capital. What’s more, their current investors, have also participated in this round, with Nation 1 increasing its share by 0.5 million USD. Vrgineers is excited to continue pushing boundaries and making a positive impact in the industry with the support of their investors.

Mitch Yang, Managing Partner of CEE Fund at Taiwania Capital: “We are impressed by how Vrgineers integrated the most advanced VR/MR headsets with cutting-edge flight simulation software to deliver uniquely positioned pilot training simulators. The Vrgineers’ systems offer a fully immersive training experience with improved quality that is also very cost-effective. Although its first application is for aviation, the company’s technology could be used in industries where training for heavy equipment operation is essential.  This is our first investment in the Czech Republic.  We look forward to working closely with Vrgineers and to connect them with Taiwan’s aerospace industry as they enter the phase of rapid growth.”

Marek Polcak, Vrgineers CEO: “We are proud and feel honored that Taiwania has chosen to invest strategically in our company. This investment is not just about the necessary funds to boost our activities and products, but it also brings a great deal of overlap. This strategic investment has connected us with the leaders in the electronics development and manufacturing industry. With this connection, we can now improve our technology to the highest level possible.”

Marek Moravec, Nation 1 Managing Partner: “We have a strong belief in the success of Vrgineers and all the other companies in our portfolio. We are fully committed to supporting them in their growth and providing the necessary resources for their success. Our goal is to help these companies achieve their full potential and make a positive impact in their respective industries.“

With the newly acquired investment, Vrgineers plans to expand its product portfolio with the announcement of a new version of the XTAL headset later this year and secure growth in new markets. Their team is dedicated to achieving our full potential and making a positive impact in our industry.

Source: Vrgineers
Photo Credit: Vrgineers (shown as meta image)

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