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eLearning Pilot Training Solution Provider, Avsoft, Announces New Partnership with PNG-based Aviation Company Pacific Direct

Avsoft International is pleased to announce a new partnership with Pacific Direct, an aviation company based out of Papua New Guinea. This collaboration marks a significant milestone for both organizations, emphasizing Avsoft’s commitment to providing comprehensive and accessible training solutions worldwide.

Under this partnership, Pacific Direct will utilize Avsoft’s Learning Management System (LMS), avLMS, to deliver Dash 8 Q100 courses to their pilots and crew. In addition to the Dash 8 Q100 courses, Pacific Direct will have access to Avsoft’s entire general subject library, enhancing their training programs with a wide range of aviation subjects.

Pacific Direct’s training department will utilize avLMS for it’s renowned robust tracking and reporting capabilities. This platform allows aviation companies like Pacific Direct to streamline their training processes, reduce administrative burdens, and maintain compliance with industry standards.

About Avsoft 

Avsoft International is a global leader in aviation training solutions, offering comprehensive eLearning courses and Learning Management System (LMS) platforms to airlines, aviation training centers, and individual pilots. Our extensive library of aircraft systems courses, general subjects, and aviation safety content is designed to meet the rigorous demands of the industry. Avsoft’s flagship LMS, avLMS, provides an intuitive and user-friendly platform for delivering and managing training programs, ensuring that aviation professionals receive the highest quality education and training. Committed to innovation and excellence, Avsoft continuously develops new courses and features to keep pace with the ever-evolving aviation landscape.

Source: Avsoft
Photo Credit: Avsoft

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TXT Acquires Majority Stake in Flight Simulation Software Provider ProSim Training Solutions

  • TXT e-solutions S.p.A. (“TXT”) announces a further investment in ProSim Training Solutions (ProSim-TS) through the exercise of the option to purchase 20% of the company’s capital, as a result of which TXT holds a majority stake of 60%;
  • ProSim-TS is recognized as an emerging tech entity in the Aerospace & Defence training market thanks to a high business growth rate that has led to over 300 simulator installations worldwide based on innovative technologies;
  • ProSim-TS’s innovative tools are synergistically integrated into the proprietary solutions portfolio of the PACE Group, fostering the international growth of TXT’s Smart Solutions division;
  • For 2024, ProSim-TS’s revenue is expected to exceed EUR 3.5 million, growing by over 30% compared to 2023, generated from the sale of proprietary software, with expected profitability of 15% despite significant investments in product portfolio innovation exceeding EUR 1.5 million, which will be fully expensed in the year;
  • For the 2025-2026 biennium, ProSim-TS’s industrial plan anticipates sustained business growth driven by synergies within the PACE Group and the commercialization of new proprietary solutions, with expected revenue CAGR exceeding 30%;
  • Following the option exercised by TXT today, the investment agreement includes further Put/Call options expiring upon approval of the financial statements closing on Decem ber 31, 2025, under which TXT will acquire the remaining 40% of ProSim-TS, with additional earn-outs for the selling shareholders.

TXT e-solutions S.p.A. (“TXT”), a company listed on the STAR Segment of the Electronic Stock Market organized and managed by Borsa Italiana S.p.A., announces that on July 8, 2024, it exercised the option to purchase an additional 20% of the capital of ProSim Train ing Solutions (ProSim-TS), as a result of which TXT holds a majority stake in ProSim-TS amounting to 60% of its capital. TXT will consolidate the results of ProSim-TS starting from July 1, 2024.

Hanne Koole, CEO and shareholder of ProSim-TS commented “we have further strength ened our cooperation with our colleagues from TXT by them acquiring a second tranche of shares into ProSim. Over the past two years, they have significantly contributed to our growth both on the business side as well as technical capability, looking forward to con tinuing value creation and strengthen our positioning as leader in the Aerospace & Defence market”.

“An important step in our international growth plan that leads to the consolidation of our Smart Solutions portfolio” commented Daniele Misani, CEO of TXT Group, “We are creating an excellent team and a unique offering to increase our global presence in a market that has always been strategic for TXT”.

TXT is an international IT Group, end-to-end provider of consultancy, software services and solutions, supporting the digital trans formation of customers’ products and core processes. With a proprietary software portfolio and deep expertise in vertical domains, TXT operates across different markets, with a growing footprint in Aerospace, Aviation, Defense, Industrial, Government and Fintech. TXT is headquartered in Milan and has subsidiaries in Italy, Germany, the United Kingdom, France, Switzerland, Canada, Singapore and the United States of America. The holding company TXT e-solutions S.p.A, has been listed on the Italian Stock Exchange, STAR segment (TXT.MI), since July 2000.

Source: TXT Group

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Czech Republic-based Flight Training Group F Air Adding 2 New Flight Simulators in 2024

One of Europe’s largest flight training organisations when measured by aircraft fleet size, Czech Republic based F AIR, has started training on its new Boeing 737-800 FNPT II + MCC simulator – offering courses such as:

  • APS MCC – Airline Pilot Standards Multi-Crew Cooperation
  • MCC – Multi-Crew Cooperation
  • MCC JOC – Multi-Crew Cooperation Jet Orientation Course
  • MPL – Multi-Crew Pilot License

The simulator is located in Prague Ruzyn and will be joined by an Airbus A320neo flight simulator at the end of August 2024. The devices are from manufacturer Wright Brothers Flight Technology.

About Flight School F AIR
F AIR is a leading flight school in Central Europe with its headquarters at Benešov Airport, near Prague, the capital of the Czech Republic. With a 34-year history, F AIR is the largest flight school in Central and Eastern Europe. It focuses on students from Central and Eastern Europe, Asia, and the Middle East. With over 44 modern aircraft, 4 bases, 2 simulators, and modern facilities, it provides comprehensive pilot training services. F AIR is the best choice for future professional pilots.

Source: F Air
Photo Credit: F Air

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Aircraft Manufacturer Boeing Announces New President for Southeast Asia in 2024

  • Penny Burtt appointed to lead Boeing’s Southeast Asia business
  • Burtt previously served in leadership roles in diplomacy, trade, international business, and consulting across four continents

Boeing announced Penny Burtt as the new president of the company’s Southeast Asia business, effective July 3, 2024

Burtt will be based in Singapore and oversee the company’s strategy and operations as Boeing expands its regional presence. She will also become director and chair of Boeing Singapore Pte. Ltd. and president director of PT. Boeing Indonesia.

“We are excited to have Penny join Boeing as she brings a strong combination of diplomatic and business skills through her 25 years in the private and public sectors across the region,” said Brendan Nelson AO, president of Boeing Global.

Boeing has partnered with stakeholders in Southeast Asia for over 75 years, building aerospace and defense capabilities in the region with offices in Singapore, Indonesia, Vietnam, Malaysia, Thailand and the Philippines. The region is one of the world’s fastest-growing commercial airplane markets and its defense needs are rapidly expanding.

“I am delighted to join Boeing and lead our efforts in Southeast Asia, a dynamic region I’ve dedicated much of my career to,” said Burtt. “Encompassing ten countries and nearly 700 million people, I look forward to expanding Boeing’s presence in this key market.”

Burtt most recently led public policy and government relations for the Asia Pacific region at Stripe, a financial infrastructure company. Prior to that, Burtt was Group CEO of Asialink, Australia’s leading center for Asia engagement, and held Asia leadership positions at Visa and McKinsey & Company. Burtt is a former Australian diplomat who served in Singapore, Indonesia and Malaysia. She is a Board member of the U.S.-ASEAN Business Council.

As a leading global aerospace company, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. As a top U.S. exporter, the company leverages the talents of a global supplier base to advance economic opportunity, sustainability and community impact. Boeing’s diverse team is committed to innovating for the future, leading with sustainability, and cultivating a culture based on the company’s core values of safety, quality and integrity.

Source: Boeing
Photo Credit: Boeing

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