Friedman Kaplan Client FlightSafety International Forms Joint Venture with a Textron Inc. Company to Provide Flight Training Services
Friedman Kaplan client, FlightSafety International Inc., a Berkshire Hathaway company, has formed a joint venture with TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company. The new company will provide training services for Textron Aviation‘s broad product line of business and general aviation aircraft. It will offer training for 48 aircraft models at 16 locations, using a fleet of 89 simulators.
FlightSafety International Inc. is the world’s premier professional aviation training company and supplier of flight simulators, visual systems and displays to commercial, government and military organizations. It operates the world’s largest fleet of advanced full-flight simulators at Learning Centers and training locations in the United States, Australia, Brazil, Canada, China, France, Hong Kong, India, Japan, the Netherlands, Norway, South Africa and the United Kingdom.
TRU Simulation + Training Inc. delivers innovative, total aviation training solutions to the commercial and military markets. Textron Aviation Inc. is the leading general aviation authority and home to the Beechcraft, Cessna and Hawker brands, which account for more than half of all general aviation aircraft flying. Textron Inc. is a multi-industry company with a global network of aircraft, defense, industrial and finance businesses.
Friedman Kaplan partners Gary Friedman, Michael Gordon and Asaf Reindel, along with associate Jessica Julich, advised FlightSafety International Inc. on this transaction.