CAE and Japan Airlines agree to joint training venture

TOKYO – CAE (TSX:CAE) has announced what it calls a historic joint venture with Japan Airlines to provide flight crew training services across northeast Asia, excluding China.

The Montreal-based company says once the agreement is signed on March 31, 2015, Japan Airlines will conduct all its training under the joint venture starting in April 2015.

CAE says the partnership, which is subject to regulatory approvals, will include training for third-party customers currently training with CAE in northeast Asia.

The equally-owned venture will initially be comprised of 12 simulators at JAL’s existing training centre in Tokyo as well as CAE’s training centre in northeast Asia.

“The decision by JAL to conduct its pilot training through this partnership with CAE marks a major milestone for our company,” said Nick Leontidis, CAE group president.

“The JV (joint venture) leverages the strengths of our combined companies to provide best-in-class training solutions for a wide range of aircraft.”

CAE and Japan Airlines have enjoyed a long relationship over the last three decades since JAL purchased its first full-flight simulator from CAE 30 years ago.

CAE is a leading global flight simulator supplier and training company to civil and military aviation and employs 8,000 people in 35 countries.