CTI Professional Flight Training has announced a major purchase agreement with Diamond Aircraft Industries Inc.
CTI Professional Flight Training selected the Diamond DA20-C1 as its primary trainer and the Austro Engine-powered DA42 as its complex, multi-engine trainer. Diamond Regional Distribution Centre Premier Aircraft Sales of Fort Lauderdale, Florida negotiated the agreement which includes training, support and acquisition of a fleet of 22 aircraft plus ten options with a total value of USD 7.8 million.
CTI President and CEO, Alan Mullen, states: "We looked carefully at all competitors in the marketplace; at the end of the day Diamond's safety record, low operating costs, modern design, training effectiveness and excellent customer service and warranty support left no rational alternative. We look forward to a long and mutually beneficial relationship with Diamond and Premier as we execute our aggressive business plan."
Premier Vice President of Piston Sales, Jeff Owen, added: "Premier is proud to have arranged this fleet purchase. CTI's selection of the most modern, safe and cost effective flight training aircraft available, coupled with their unique capabilities, positions them to be amongst the most successful flight training academies in the nation."
Following the successful acquisition of Professional Flight Training, LLC in the spring of 2014, CTI's flight academy operations are being conducted by its wholly owned subsidiary, CTI Professional Flight Training, located in Fort Lauderdale. New operations are scheduled to commence at CTI's facilities in Millington, TN in the summer of 2014.
For further information about Premier Aircraft Sales, Inc., visit www.flypas.com.
For further information about Diamond Aircraft Industries, Inc., visit www.diamondaircraft.com.