GCAT Flight Academy announced that it has agreed to acquire Oxford Aviation Training from BBA Aviation for $63 million on a debt- and cash-free basis. GCAT was created through the $275 million merger of General Electric Commercial Aviation Training and SAS Flight Academy in February (ATWOnline, May 23). The Oxford transaction is expected to be complete within two weeks. Oxford is the largest ab initio airline pilot training school in Europe. It reported pro-forma revenue of £18.4 ...

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