7 July 2008
Oxford Aviation Academy acquires the world's leading provider of flight crew to airlines
Oxford Aviation Academy (‘OAA’) has acquired Parc Aviation Limited (‘Parc’), the largest and premier supplier of flight crew on medium to long term contracts to airlines globally. The acquisition, back by STAR Capital, has created the first integrated organisation capable of training (from ab initio through to type ratings) and supplying newly qualified and experienced flight crew to airlines. The continued growth in air travel is expected to increase significantly the demand for experienced flight crew, and maintenance staff to serve the plans of new and existing airlines, this demand is expected to be even more acute in geographical regions where experienced flight crew are in short supply. Parc, and OAA, are well positioned to be able to offer a comprehensive solution to airlines.
In a global market where pilot shortage is a critical issue for most airlines, OAA will offer a fully integrated pilot supply and training solution. Brian Simpson, OAA Chief Executive Officer, commented: "The ability to offer airlines fully integrated pilot supply solutions will be a major benefit to the industry. Parc is the clear global market leader in its field, in terms of quality, reputation, and in the number of experienced flight crew on contract. We can now offer existing and new airline customers complete supply solutions and help reduce the operational and management burden of finding, recruiting, training and managing pilots, a service unrivalled in the industry."
Paul Gough, Partner of STAR Capital Partners, commented:
“STAR is delighted to provide the capital to support OAA's continued expansion. The acquisition of Parc is another key step in OAA's strategy to provide airlines with enhanced outsourcing solutions for the management and training of their pilots. We look forward to supporting future acquisitions and growth opportunities identified by the OAA management team.”
Tim Shattock, Parc Chief Executive Officer, commented:
“We are excited to be joining OAA especially at a point where we believe the demand from our customers for complete pilot supply solutions will increase substantially. We believe all our customers will see significant value from us being a part of a leading global training provider which is aggressively expanding its presence and services.”
OAA intends to retain the Parc brand name, which has global recognition and is synonymous with quality of service. Tim Shattock will continue to run the business, creating the third division, along side ab initio and type rating training in the OAA group.