Bombardier concludes sale of its business aircraft training unit to CAE
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| Photo CAE |
The Canadian firm Bombardier confirmed this week that it hand concluded the sale of its flight and technical training activities to CAE, for an enterprise value of $645 million. Once certain liabilities, fees, and closing adjustments have been deducted, the true earnings of the sale will be around $500.
CAE is the training partner of choice of aviation professionals, airlines, large fleet operators, and aircraft manufacturers the world over. With 50+ training locations across the globe, CAE has the largest civil aviation network in the world.
“Bombardier and CAE share a deep commitment to providing outstanding support to their customers,” said Jean-Christophe Gallagher, Vice President and General Manager, Customer Experience, Bombardier Business Aircraft. “Bombardier’s talented employees and strong relationships with clients, combined with CAE’s network and expertise, will elevate the customer experience. As CAE grows its core training business, Bombardier continues to expand its service offerings and dedicated support, each to the benefit of Bombardier Business Aircraft customers around the world.”
The acquisition of Bombardier’s flight and technical training operations expands CAE’s ability to address the training market for customers operating Bombardier business jets, which at more than 4,800 aircraft, is one of the largest and most valuable in-service fleets of business aircraft in the world. The acquisition also serves to expand CAE’s position in the largest and fastest growing segment of the business aviation training market, involving medium- and large-cabin business jets. It provides CAE with talented people, a loyal customer base, and an established recurring training business which is highly complementary to CAE’s network. The Bombardier BAT business includes a modern fleet of full-flight simulators and training devices covering the Bombardier Learjet, Challenger and Global product lines, including the latest large cabin Global 5500, 6500 and 7500 business jets.
“We are pleased to welcome Bombardier customers and employees to CAE,” said Marc Parent, CAE’s President and CEO. “Bombardier business jet customers will have access to a seamless training experience in our global network of training centres, providing the most advanced training solutions on the market by leveraging our continued investments in training.”
Bombardier and CAE also agreed to continue their Authorized Training Provider (ATP) relationship pursuant to which CAE carries out the training activities for Bombardier Business Aircraft, including from the training centres located in Montrรฉal and Dallas.
