CAE strengthening its position in the business aviation training services market with a $645 million acquisition of Bombardier Business Aircraft Training.
Marc Parent, CAE’s president and chief executive, describes the deal as "a win-win" for both companies.
"We are expanding our position in the largest and fastest-growing segment of business aviation training at an opportune time," he says, in reference to the robust midsize, large-cabin and long-range business jet sectors."
Market fundamentals are strong, he continues. “And the business we are acquiring is well supported by a large installed base."
Flight Fleets Analyzer records a worldwide fleet of around 4,500 Bombardier business aircraft, which covers the Learjet, Challenger and Global families. This inventory is described by CAE as "one of the largest and most valuable in-service fleets of business aircraft in the world".
The Bombardier BAT acquisition adds 12 full-flight simulators to CAE's training network, bringing the company's business aircraft to 29 FFSs worldwide.
Further growth is planned in the short to medium term, CAE says.
The acquisition is subject to regulatory approvals and is expected to close by the second half of 2019.