Cebu Pacific, the airline unit of JG Summit Holdings Inc., has signed a joint venture agreement with CAE Inc. to establish an aviation training center in Clark Freeport Zone.
Cebu Pacific said the aviation training center is for airlines in the Asia Pacific region and responsible for type-rating training of the budget airline’s pilots.
The aviation academy is scheduled to start operations in the third quarter of next year in Clark Freeport Zone, northwest of the national capital of Manila, and represents about US$ 40 million to US$ 50 million joint investment.
“We are proud to partner with CAE to support CEB’s growing fleet, expansion plans, and training requirements. This will also help make Asia Pacific’s vibrant aviation industry more appealing in the face of growing competition for well-trained aviation professionals, Lance Gokongwei, Cebu Pacific’s president and chief executive said.
Gokongwei said that Airbus’ Global Market Forecast predicts more than 34 percent or 9,160 of total global airplane orders until 2030 will go to the Asia Pacific region, of which 5,770 of these will be single-aisle planes like the A320.
“By partnering with CAE, CEB once again underscores its commitment to enhance the Philippines’ tourism and aviation potentials by producing world-class pilots and crew,” Gokongwei said.
Jeff Roberts, CAE’s Group president of Civil Simulation Products, Training and Services, said the joint venture would help meet the increasing demand for high-quality pilots and other commercial aviation professionals in the Philippines and throughout the region.
“The new training center will be a world-class, one-stop training center for CEB and a hub for training services for other airlines,” Roberts said.