By JAMES A. LOYOLA
MANILA, Philippines — Cebu Pacific Air, the Philippines’ largest national flag carrier, and CAE of Canada, world leader in aviation training, are investing US$40 million to US$50 million in a joint venture to establish an aviation training center for airlines in the Asia Pacific region.
In a disclosure to the Philippine Stock Exchange, Cebu Pacific said the joint venture will also be responsible for type-rating training of its pilots.
The aviation academy is scheduled to start operations in the third quarter of 2012 in Clark Freeport Zone, northwest of the national capital of Manila.
Read more: http://mb.com.ph/node/345114/cebu-pacific-cae-to-open-50m-airbu