Avianca Holdings & CAE Establish Joint Venture
Avianca Holdings S.A. and CAE have signed an agreement to create a joint venture specializing in the provision of training services, including full flight simulator training for commercial aviation pilots in Colombia. In addition, as part of a 15-year exclusive training agreement, Avianca will conduct all its pilot training at the Avianca-CAE joint venture. The equally-owned joint venture will also offer training in Colombia to airlines in the region.
The joint venture will provide Airbus A320, A330, ATR and Boeing 787 training in Bogota on seven full flight simulators (FFS). Four simulators are already in operation and the joint venture will be deploying three additional CAE-built simulators. The Avianca-CAE initial investment for this joint venture will be approximately US$70 million, shared equally.
Subject to regulatory approvals, the joint venture is expected to start operations in late summer 2018.