CAE buys out Air Asia in AACE


Canada based CAE Incorporated assumed full ownership of Asian Aviation Centre of Excellence (AACE), a flight training simulator provider, when it bought the 50% share of Air Asia in its joint venture.

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AACE was established in 2011 to provide aviation related training for flight deck crew, cabin crew, aviation engineers and technicians. Currently, it has three simulator training centers located in Malaysia, Singapore and Vietnam. It also has a share in the Philippine Academy of Aviation.
CAE remains as AirAsia Group’s exclusive training partner, having extended its existing training contract for AirAsia until 2036.

 

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AirAsia, CAE Invest In Philippine Aviation Academy


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MANILA, Philippines – An aviation training center owned by Canada’s CAE Inc. and Malaysia’s AirAsia has invested in the Philippine Academy for Aviation Training (PAAT).

PAAT said the Asian Aviation Center for Excellence (AACE) recently made an investment in the training center, located in Clark, Pampanga.

The Kuala Lumpur-based AACE provides training for pilots, cabin crew, maintenance engineers, technicians, grounds service personnel as well as leadership and management training development for airlines throughout ASEAN.

“With this new partnership in the Philippines, AACE has come closer to our vision of expanding operations in the region to make AACE a truly ASEAN training hub offering a complete training system and state of the art facilities for the aviation industry,” Dato’ Fareh Mazputra, CEO of AACE, said in a statement.

Opening in Clark in December 2012, PAAT is an Aviation Training Organization approved by the Civil Aviation Authority of the Philippines to train pilots in Airbus A319/320/321 series.

“With the new investment and by working hand in hand with AACE, we are setting the stage for the Philippines to become an important destination for pilots, cabin crew and airline workers to gain additional experience, skills and world-class training opportunities,” PAAT general manager Raoul S. PĂ©rez said.

AirAsia Philippines and AirAsia Zest have also signed a training services agreement with PAAT and have been using its facilities for the recurrent training of its pilots since April 2015.

Source: ABS-CBNnews.com