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Oxford Aviation Academy acquires the world's leading provider of flight crew to airlines

7 July 2008

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, backed 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."

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.

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