Portfolio

Overview

In February 2007, STAR completed the simultaneous acquisition of a majority stake in General Electric Commercial Aviation Training ("GECAT") from GE and the entire share capital of SAS Flight Academy ("Flight Academy") from SAS AB ("SAS"). Both businesses were simulator based flight training providers. GE retained an equity stake in the combined group.

In mid-2007, the business acquired Oxford Aviation Training (an ab initio pilot training school) and the group was rebranded as Oxford Aviation Academy or OAA. STAR further supported the growth of OAA by acquiring Parc Aviation (the world's leading supplier of personnel solutions to the aviation industry) in July 2008 and General Flying Services (an ab initio airline pilot training school based in Australia) in September 2008, expanding OAA’s breadth of services and geographical presence. Under STAR’s ownership, OAA grew significantly to become the world's leading independent provider of aviation training, personnel solutions and technical support services, operating from 16 cities with 12 training centres across the globe.

The business was sold to CAE in May 2012.