CAE Acquires Oxford Aviation Academy For C$314 Million

- CAE has acquired Oxford Aviation Academy (OAA), an industry-leading provider of aviation training and crew sourcing services for C$314 million. 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, the global leader in pilot and maintenance crew sourcing for airlines and leasing companies. "We are very excited about this acquisition as it enables us to offer our customers more locations and additional training capacity as well as a new service for pilot and maintenance crew sourcing. We have greatly enhanced CAE's industry-leading position with the addition of two of the industry's strongest brands in Ab-Initio aviation training and crew sourcing: Oxford Aviation Academy and Parc Aviation," said Marc Parent, CAE's President and CEO. "Civil aerospace market fundamentals are strong and we are increasing our position at an opportune time. With this acquisition, CAE responds to market demand with an increased footprint and a complete end-to-end solution for commercial aviation."