CAE has signed a Memorandum of Understanding (MOU) with Singapore Airlines (SIA) to establish a joint venture for pilot training in Singapore.
The equally-owned joint venture will initially focus on providing simulator training for Boeing aircraft types to support SIA Group's airlines and other operators' pilot training needs in the region. Subject to regulatory approvals, operations are expected to begin by the end of the year.
Under the MOU, a new centre will operate out of the Singapore Airlines Training Centre near Changi Airport. SIA will transfer four of its Boeing full-flight simulators there, while additional CAE-built training equipment will be acquired progressively. The 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 long-term prospects for the aviation sector are positive, and we are confident that the new flight training joint venture with CAE will further enhance Singapore's position as a leading aviation hub," commented CEO of Singapore Airlines, Mr. Goh Choon Phong. "With the SIA Group expanding its fleet to drive additional growth, the joint venture will help keep pace with our own training requirements as well as those of other airlines in the region. This investment with CAE, one of the world's leading civil aviation training organisations, is also in line with our push to drive revenue-generation from new adjacent businesses. Together with CAE's expertise, we are positive that it will be a leading training facility for Boeing aircraft types in the Asia-Pacific region." CAE's President and CEO, Marc Parent, stated, "Building on our relationship of more than 40 years, we are extremely honoured to join forces with Singapore Airlines and welcome this opportunity to leverage the strengths of our combined organisations to support the growing pilot training needs in the Asia-Pacific region - one of the fastest growing markets in commercial aviation."