Saturday, Jun 22 2024 | Time 06:07 Hrs(IST)
Business Economy

Simaero to invest $100 million to train around 5,000 pilots

New Delhi, May 30 (UNI) Flight simulator provider Simaero on Thursday said that it will invest $100 million in India to train up to 5,000 pilots over the next five years.
"The firm will bring in the investment in a phased manner to create training infrastructure and install flight simulators to meet the growing demand for pilot training in India and the South Asian region," the company said.
Indian aviation sector is among the fastest-growing markets in the world thus requiring more pilots to meet the demand.
"Simaero’s decision to enter the Indian aviation market is driven by the record-setting aircraft orders, which have exceeded the current active fleet. Indian carriers have over 1,200 Airbus aircraft and 470 Boeing aircraft on order,"Simaero said.
Nicolas Moute, CEO of Simaero, said that the company's investment in India reflects its confidence in the country's strong economic foundation and the promising growth of the aviation industry.
Khushbeg Jattana, General Manager of Simaero India, added, “We are committed to bringing top-notch training solutions to India, supporting the growth and operational efficiency of local and regional airlines. Our new training centre in Delhi NCR will set a new standard in aviation training in the region."
Simaero said that its proposed $100 million investment in India will be strategically allocated to the infrastructure for the training centre and the development of a trained local workforce.
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