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CAE to acquire CHC Helicopter’s training operations

Upon closing, CAE will become CHC's long-term partner and will provide training to its more than 2,000 helicopter pilots and maintenance engineers. The training partnership also includes general training, pilot provisioning and certain search and rescue training in support of CHC's global fleet.

The transaction is subject to customary closing conditions. After closing, CAE's global training network will include new training locations in Stavanger, Norway and Aberdeen, United Kingdom, as well as increased training capacity in Vancouver, Canada.

"Safety is CHC's number one priority and world-class training is the cornerstone of safe operations," said William Amelio, President and Chief Executive Officer of CHC Helicopter. "CAE is a global leader in training, and establishing a long-term partnership with CAE will enable us to focus on our core business of providing superior helicopter services. We will have access to CAE's global training network, accredited trainers and curriculum developers, its world-class simulators, and other state-of-the art training technology while maintaining complete control and accountability for our training programs. The ability to scale training to meet demand is the way of the future for the helicopter industry."

"CAE is proud to have CHC Helicopter and its pilots and maintenance engineers as customers," said Marc Parent, President and CEO of CAE. "We have listened to their needs and provided them with an innovative and flexible solution that fits their unique business model. CHC will be able to increase efficiencies and gain access to CAE's global training network. We welcome the CHC Helicopter training team to CAE, and look forward to working with them to continue delivering the highest-quality training to CHC pilots and engineers as well as other helicopter operators."

CAE has designed training systems for the greatest variety of helicopters and is one of the industry's most experienced providers of turnkey helicopter training services for both the civil and military markets. CAE is leveraging its experience in simulation-driven mission scenarios to help improve safety for helicopter pilots who operate in dynamic environments such as offshore oil and gas platforms and dense urban areas.

The simulators included in the agreement are a Eurocopter AS332L/L1 Super Puma and a Sikorsky S-61 located in Stavanger, Norway; an AS332L2 Super Puma in Aberdeen, United Kingdom and a Sikorsky S-76 simulator in Vancouver, Canada. They complement CAE's training network which currently offers civil helicopter training in:

—  The Middle East — Emirates-CAE Flight Training in Dubai offers Bell 412
    training;
   
—  Europe — Rotorsim, a joint venture of AgustaWestland and CAE, in Sesto
    Calende, Italy, offers AW109 and AW139 training;
   
—  North America — CAE's North East Training Centre in Morristown, New
    Jersey offers Sikorsky S-76C+/S-76B training and, through Rotorsim,
    offers AW139 training;
   
—  Mexico — CAE will soon deliver Bell 412 training;
   
—  India — CAE and joint venture partner Hindustan Aeronautics Limited
    (HAL) offer Bell 412 training and will offer Dauphin and Dhruv training
    over the next year.
 
CAE also operates military helicopter training centres in the U.K. and Germany and offers training on military helicopters in Italy and India.