CAE has acquired Oxford Aviation Academy (OAA), an industry-leading provider of aviation training and crew sourcing services for C$314m. This acquisition strengthens CAE’s leadership and global reach in civil aviation training by increasing its training centre footprint, growing its Ab-Initio flight training network and extending its portfolio by adding OAA’s Parc Aviation, a global leader in pilot and maintenance crew sourcing for airlines and leasing companies. The acquisition strengthens CAE’s position in capturing the long-term and growing market demand for aviation professionals. Oxford Aviation Academy (OAA) had revenues of approximately C$280m during CAE’s fiscal year 2012 and the purchase price represents approximately 9 times OAA’s EBITDA during the same period. The acquisition will be accretive to CAE’s earnings in fiscal year 2014.
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Please contact
Tamar Jorssen
Vice President Sales & Marketing
+1.778.213.8543
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada
[email protected]
Mailing Address
AviTrader Publications Corp.
Suite 305, South Tower
5811 Cooney Road
Richmond, BC V6X 3M1
Canada