PPU advises CAE on $70m agreement with Avianca
Philippi Prietocarrizosa Ferrero DU & Uría acted for CAE Inc in a joint venture with Avianca.
CAE is a Canadian company which manufactures flight simulators and other traning technologies for airlines and aircraft manufacturers. CAE was founded in 1947, and has manufacturing operations and training facilities in 35 countries.
Avianca is Colombia’s flag carrier and the second largest airline in Latin America.
Both companies have launched a programme through this agreement to offer airline pilot training services in Colombia.
Partner Felipe Cuberos led the PPU team advising CAE.