Cebu Pacific Air and CAE to establish new aviation training center in Philippines

Cebu Pacific Air, the Philippines' largest national flag carrier, and CAE

today announced that they have signed a joint venture agreement to establish an aviation training center for airlines in the Asia Pacific region. The joint venture will also be responsible for type-rating training of CEB pilots. The aviation academy is scheduled to start operations in the third quarter of 2012 in Clark Freeport Zone, northwest of the national capital of Manila, and represents an approximate US $40-50 million joint investment. "We are proud to partner with CAE to support CEB's growing fleet, expansion plans, and training requirements. This will also help make Asia Pacific's vibrant aviation industry more appealing in the face of growing competition for well-trained aviation professionals," said CEB President and CEO Lance Gokongwei. "Airbus' Global Market Forecast predicts more than 34% (9,160) of total global airplane orders until 2030 will go to the Asia Pacific region, of which 5,770 of these will be single-aisle planes like the A320."