BAA Training has announced it will be getting financing for its global expansion provided by U.K. Export Finance (UKEF) and U.S. Apple Bank for Savings. Two companies belonging to Avia Solutions Group (ASG) – BAA Training and ASG Asset Management – were involved in signing the agreements with the financial institutions.
The deal, worth €31 million (US$36.5 million), is one of the most significant agreements for the Lithuania-based company throughout its existence. It will facilitate the acquisition of ten new simulators used for aviation training manufactured by L3Harris Technologies, two Boeing 737 MAX full-flight simulators (FFSs) and eight fixed-base training devices (FTD Level 2) – Airbus A320 and Boeing 737 family.
The training simulators will be installed at BAA Training’s brand-new facility in Barcelona – BAA Training Spain.
