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CAE acquires CHC Helicopter’s training operations

They also announced the execution of the agreement that will see CAE become CHC's long-term training partner, responsible for training more than 2,000 helicopter pilots and maintenance engineers as well as providing general training, pilot provisioning and certain types of search and rescue training in support of CHC's global fleet.

The arrangement, announced in December 2010, offers CAE a strong foothold in the helicopter training market and provides CHC with access to CAE's world class training network, equipment and personnel. CHC Helicopter's simulators and two training centres located in Stavanger, Norway and Aberdeen, United Kingdom, have become part of the CAE global training network.

"This is an innovative partnership and one of the most significant developments in helicopter training in a decade," said William J. Amelio, President and CEO of CHC Helicopter. "Training is a critical part of our business and it is very specialized. CHC Helicopter's partnership with CAE offers us flexibility, scalability, access to leading edge simulation equipment, accredited trainers and curriculum developers, but still allows us to maintain complete control over our training."

Amelio added that the contract represents the first time a helicopter operator the size of CHC has adopted this model for training: "Training is critical to the success of CHC. We know that by working with a professional training organization like CAE, we will further enhance our training capabilities, our safety and our quality standards."

"The helicopter market is of strategic importance to CAE," said Marc Parent, CAE's President and CEO. "We intend to continue growing our helicopter training network, leverage our experience in the training of fixed wing pilots and continue to invest in research and development in order to provide the best training possible for helicopter pilots and engineers."