Thales, Axis JV to set up flight training centre in Bangalore Bangalore: Thales,
Europe’s biggest maker of defence electronics, is floating a joint
venture with Axis Aerospace & Technologies (AAT), an Indian
engineering services company, with an initial investment of $50 million
to set up state-ofthe art flight training centre in Bangalore.
Axis, which is backed by member of parliament and former telecom
entrepreneur Rajeev Chandrasekhar’s private equity fund Jupiter Capital ,
will house simulators in a facility at the Devanahalli Aerospace Park.
The first of its kind joint venture in India, will initially have three
full flight simulators which have a capacity to train around 2,000
pilots a year. Thales will supply the simulator equipment and provide
management expertise in establishing and maintaining the centre, while
AAT will operate the centre locally.
"The facility will help domestic airlines realize significant cost
savings and better manage the scarce pilot resources which the aviation
industry is at present facing due to growth in the aviation sector. Two
international airlines have agreed to use this facility ,” said Sudhakar
Gande, vice-chairman of AAT. 11/02/11 Peerzada Abrar
/Economic Times
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