Sim-Industries, a leading Dutch manufacturer of Full Flight Simulators and Seven Hill Ventures, a company of Aviation Enthusiasts have entered into a joint venture for carrying on simulator based pilot training.
The Indian joint venture company is called Fly Sims Training Centre Private limited (FSTC). Seen Hill Ventures Private limited will hold 52 percent shares and Sim-Industries B.V. will hold 48 percent shares in this Joint Venture, according to media reports. FSTC will invest Rs. 100 crore in the first phase to set up a facility in Gurgaon and become operational.
Trilegal advised Sim-Industries with a team led by Partner Charandeep Kaur, Senior Associate Rachika A. Sahay and Associate Parthasarathi Jha.
Seven Hill Ventures was represented by Prabjot Singh Bhullar. Prabjot was a Partner with Khaitan & Co, Delhi and had moved to set up his own office in April 2011.
This will be the country’s second flight simulator training centre after Bangalore.
According to Hindu, FSTC would install six full flight simulators in three stages over two years, of which the first three for Boeing 737 NG, Airbus 320 and ATR planes would be commissioned by January next.
In the second stage, it will establish type rating training organisation (TRTO) under which new pilots should be trained as per the DGCA guidelines to enable them to take DGCA certification examinations.