50 SKY SHADES - World aviation news

New financing initiative for aspiring pilots in collaboration with financial institutions around the world

Download: Printable PDF Date: 11 Sep 2020 09:05 (UTC) category:
Publisher:
New financing initiative for aspiring pilots in collaboration with financial institutions around the world - Maintenance / Trainings publisher
Dana Ermolenko
Aircraft: Airplanes

CAE announced the launch of a new financing initiative for aspiring pilots in collaboration with financial institutions around the world. 

With this initiative, CAE is connecting aspiring pilots with banking partners that offer specific financing solutions for pilot training, making the profession more accessible to those who wish to pursue their dream of flying for a living. 

Approved partners will speed up the processing of applications and will offer competitive rates. In addition, future CAE pilots will have access to a dedicated team that understands the reality of future pilots and a centralized point of contact in each of the participating banking institutions.

"Financing is a major barrier to becoming a pilot. CAE's partnership with financial institutions will help aspiring pilots finance their studies and make their dreams come true," said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions. "Despite the impact of the COVID-19 crisis on the aviation industry, CAE foresees significant demand for new commercial pilots over the next 10 years. Because it takes approximately two years to become a qualified airline pilot, this funding program will ensure that we can meet the demand for pilots when the industry recovers. As the global training partner of choice, we are pleased to be able to make it easier for aspiring pilots to train with us."    

For more details about this initiative and how to benefit from it, go to www.cae.com/funding/.

CAE is in discussions with other financial institutions to expand the geographical footprint of this initiative.





Recommended

Royal Netherlands Air Force becomes launch customer for PC-7 MKX training system

Koninklijke Luchtmacht becomes the first customer to opt for the PC-7 MKX. This new training system will provide the Dutch Air Force with an integrated, cost-effective, state-of-the-art solution to me...

Embraer & Flexjet sign agreement valued at up to USD $7 billion, representing the largest firm order for both companies

Embraer Executive Jets announced a purchase agreement with Flexjet. The agreement comprises a fleet of Embraer business jets, which includes the Praetor 600, Praetor 500 and Phenom 300E models, a...

Daher continues its growth in a changing environment

Two years after the launch of its “Take Off 2027” strategic plan, Daher is taking another step in the company’s transformation. The Group is consolidating its organization to support...

Eve collaborates with VertiMob and PRS Aeroportos in ANAC's regulatory sandbox

Eve Air Mobility announced its collaboration with PRS Aeroportos - participating as a consortium between Pax Aeroportos SA, concessionaire of Campo de Marte Airport, and UrbanV SpA, vertiport ope...

Android Apps development in Riga, Latvia