I.R.PIRATE
13th Jun 2005, 17:10
CHANGE OF OWNERSHIP
Central Flying Academy was formed in August 2001. It has significant potential for expansion, but this calls for the financial backing of a large organization. After a career that spans 22 years in the South African Air Force and three years with this company, I feel the time is right to elevate the business to a higher level. We envisage major expansions to Central Flying Academy within the next 24 month period.
Please read an extraction of the press release announcing change of ownership:
“Babcock Brands, a division of Babcock Africa, has taken to the skies – literally – following the acquisition of the Grand Central, Midrand-based Central Flying Academy, the second largest private pilot training facility in the country.’
Mark Hughes, managing director of Babcock Brands; explain the rationale for the acquisition when he says: “Our UK holding company operates a flying instruction outfit called Babcock Defence Systems that provides elementary flight training through to more advanced levels for the UK Defence Forces. We are looking to make our business more synergetic with that of our UK principals and we regard this step as a furthering of the process to align our South African Businesses with those of our parent company.”
Please note that business will not be affected at all and that Willie Marais and all personnel will remain in their respective positions.
Willie Marais
Central Flying Academy was formed in August 2001. It has significant potential for expansion, but this calls for the financial backing of a large organization. After a career that spans 22 years in the South African Air Force and three years with this company, I feel the time is right to elevate the business to a higher level. We envisage major expansions to Central Flying Academy within the next 24 month period.
Please read an extraction of the press release announcing change of ownership:
“Babcock Brands, a division of Babcock Africa, has taken to the skies – literally – following the acquisition of the Grand Central, Midrand-based Central Flying Academy, the second largest private pilot training facility in the country.’
Mark Hughes, managing director of Babcock Brands; explain the rationale for the acquisition when he says: “Our UK holding company operates a flying instruction outfit called Babcock Defence Systems that provides elementary flight training through to more advanced levels for the UK Defence Forces. We are looking to make our business more synergetic with that of our UK principals and we regard this step as a furthering of the process to align our South African Businesses with those of our parent company.”
Please note that business will not be affected at all and that Willie Marais and all personnel will remain in their respective positions.
Willie Marais