Market Intelligence: -Simulator Training Center

Global Pilot Training Solution Provider CAE Renews Memorandum of Cooperation with EASA On Innovation

Global pilot training solution provider CAE’s President and Chief Executive Officer Marc Parent has shared that it has renewed its Memorandum of Cooperation with EASA – European Union Aviation Safety Agency focussed innovation in the industry.

“It was a pleasure to welcome Luc Tytgat, acting Executive Director, EASA and Erick Ferrandez, EASA Representative to the International Civil Aviation Organization and Canada, to our Montreal Headquarters for a productive discussion, joined by CAE’s Chief Learning Officer, Chris Ranganathan, Stephane Clement, Director, Regulatory Afffairs, and Marc St-Hilaire, Vice President, Special projects and Expert Advisor to the Chief Technology and Product Officer. I look forward to our continued collaboration as we work towards our collective goal of making the world a safer place.” shared Marc Parent.

Source: CAE (Marc Parent)

Related Posts

Avia Solutions Group, Parent Company of BAA Training, Reports Q3 EBITDA of Euro 316 Million and Revenue Euro 1.64 Billion

Avia Solutions Group, the world’s largest ACMI (Aircraft, Crew, Maintenance, and Insurance) provider, is announcing its financial results for the third quarter of this year. The company’s adjusted EBITDA is €316 million, representing a 31% growth compared to the same period last year when it €242 million. Furthermore, the group’s revenue increased by 22% to reach €1.64 billion, compared to €1.34 billion for the same period in the previous year.

According to Jonas Janukenas, CEO of Avia Solutions Group, financial results of Q3 is a direct reflection of the substantial demand for ACMI services in the global aviation market: “The year 2023, especially the extremely active summer season, demonstrated the tremendous need for ACMI services in the aviation industry worldwide.”

During the third quarter of this year, the group continued its active expansion of the aircraft fleet, adding 24 new ones since the beginning of the year. The fleet now consists of 197 passenger and cargo aircraft. Janukenas underlines that Avia Solutions Group plans to maintain its leading position in the ACMI market and has future expansion plans in the Asia-Pacific region. The establishment of the new companies BBN Airlines Thailand and BBN Airlines Indonesia marks a new phase of development in the region. By the end of 2024, the group aims to own five airline companies operating in various Asian countries.

CEO of Avia Solutions Group says: “Expanding in Southeast Asia and South America is a key strategic direction for the group, allowing us to balance the reduced seasonal demand in Europe during the winter by shifting aircraft to these regions. Additionally, significant investments are being made in MRO infrastructure for the group’s aviation companies providing ACMI services. The total investment in the initial development phase in the region amounts to €25 million.”

Recently, Avia Solutions Group has begun the construction of a 20,000 sq. m aircraft maintenance hangar in the Dominican Republic and a 17,000 sq. m aircraft maintenance hangar in Bali. The group’s subsidiary, Avion Express has established ACMI airline in Brazil to serve the needs of clients in Colombia, Chile, Brazil, and the Dominican Republic.

In the Q3, the main revenue-generating regions for Avia Solutions Group were Europe (69.4%), Asia (19.2%), North and South America (5.8%), Africa (3.9%), and Australia and the Pacific (1.1%). The most significant change, compared to 2022, is observed in Asia, where the group’s annual revenue increased by 9.2%.

Irish-based Avia Solutions Group is the parent company of over 100 subsidiaries. Supported by 11,700 highly skilled aviation professionals, the group operates in 68 countries worldwide.

Source: Avia Solutions Group
Photo Credit: Avia Solutions Group

Related Posts

Indian Full Flight Simulator Training Center Operator Launches Paid Internship Program for Simulator Technician Roles

India based operator of full flight simulator training centers and flight schools FSTC is thrilled to announce an exciting paid internship opportunity for a minimum of one year for passionate individuals eager to explore the simulator industry.

Applicants for the internship must have successfully completed an undergraduate degree and possess the corresponding degree certificate.

Source: FSTC
Photo Credit: FSTC

Related Posts

Global Pilot Training Group’s Simulator Training Center in Vietnam Welcomes New Airline Client from Cambodia

Ho Chi Minh City, Vietnam based full flight simulator training center BAA Training Vietnam, a branch of the leading independent aviation training center group BAA Training, welcomed a new client from Cambodian aviation, Cambodian Airways. Pilots from the said airline train at BAA Training Vietnam for A320 type rating.

Source: BAA Training Vietnam
Photo Credit: BAA Training Vietnam

Related Posts