Canadian Manufacturing

CAE launches new financing initiative for aspiring pilots

CAE is connecting aspiring pilots with banking partners that offer financing solutions for pilot training

September 11, 2020  by CM Staff

PHOTO: C-FTJV Air Canada Boeing 737 MAX 8/ Liam Allport via Flickr

MONTREAL — CAE announced on Sept. 10 the launch of a new financing initiative for aspiring pilots in collaboration with financial institutions around the world.

According to a company statement, CAE is connecting aspiring pilots with banking partners that offer financing solutions for pilot training.

Approved partners will speed up the processing of applications and will offer competitive rates. In addition, future CAE pilots will have a centralized point of contact in each of the participating banking institutions.

“Financing is a major barrier to becoming a pilot. CAE’s partnership with financial institutions will help aspiring pilots finance their studies and make their dreams come true,” said Nick Leontidis, CAE’s group president, civil aviation training solutions, in a prepared statement. “Despite the impact of the COVID-19 crisis on the aviation industry, CAE foresees significant demand for new commercial pilots over the next 10 years. Because it takes approximately two years to become a qualified airline pilot, this funding program will ensure that we can meet the demand for pilots when the industry recovers.”

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CAE is in discussions with other financial institutions to expand the geographical footprint of this initiative.


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