SIA-CAE pilot training joint venture in Singapore to commence operations
Singapore Airlines (SIA) and CAE (NYSE: CAE; TSX: CAE) announced today that they will launch operations of their new Singapore CAE Flight Training Pte. Ltd. (SCFT) joint venture for pilot training in Singapore next month. SIA and CAE have concluded the establishment of the joint venture company and all regulatory approvals have been obtained. Plans for the joint venture were announced in August last year, when a Memorandum of Understanding was signed.
The joint venture will provide simulator and classroom training with an initial focus on Boeing aircraft types, supporting SIA Group airlines and other operators’ pilot training needs in the region. The equally-owned joint venture will operate out of the Singapore Airlines Training Centre (STC) located near Changi Airport.
SIA will transfer four of its full-flight Boeing aircraft simulators to the venture, while additional new CAE-built training equipment including the Boeing 737 MAX and 787 aircraft type full-flight simulators and flight training devices will be deployed by June 2019. The training facility will provide a full range of initial type rating and recurrent training programmes for Boeing 737 MAX, 747, 777 and 787 aircraft types.
“The establishment of Singapore CAE Flight Training brings together the expertise of both SIA and CAE to cater to increasing demand for trained pilots worldwide fuelled by the industry’s strong growth. The joint venture will support the SIA Group’s fleet and network expansion plans, as well as our strategy to develop new revenue-generation opportunities through adjacent businesses. It will also continue to further enhance Singapore’s position as a leading aviation hub,” said Singapore Airlines CEO, Mr Goh Choon Phong.
“CAE is very proud to officially begin our training joint venture operations with our partner of more than 40 years. Together, Singapore Airlines and CAE will deliver world-class pilot training to Singapore Airlines and to other airlines in the region, supporting the fast-growing training needs of operators in Asia-Pacific. We are committed to offering the most innovative and best training experiences to our airline partners and we look forward to continuing to shape the future of training in partnership with Singapore Airlines,” said CAE’s President and CEO, Mr Marc Parent.
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