Virtual Aviation secures multi-million-pound funding for expansion plans
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UK-based flight training provider Virtual Aviation has secured multi-million-pound funding to facilitate its expansion plans.
The funding package comprises new equity investment and a substantial asset leasing facility to support the ongoing acquisition of additional new flight simulators.
Virtual Aviation will take delivery of a new Boeing 737-800 simulator at its Cambridge Airport Flight Training Centre later this month, with the asset leasing facility also enabling the company to add a new Airbus A320neo simulator to its fleet in 2018.
The extra simulator capacity will make it possible for the company to increase its product portfolio and deliver A320 and Boeing 737 type rating training as well as recurrent training and dry lease for airline customers.
“We’re really excited about this new chapter, which will allow Virtual Aviation to serve many more trainee pilots and airline customers and continue challenging the status quo in airline training,” said Ben Boness, Virtual Aviation’s Chief Commercial Officer.
