Helicopter Training Facility, UK

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Finance, construct, operate, and maintain a helicopter training facility for the Ministry of Defence

The Medium Support Helicopter Aircrew Training Facilities project is a 40 year concession (with a break option exercisable by the client after 20 years) to finance, construct, operate, and maintain a simulator-based training facility for Royal Air Force (RAF) helicopter pilots. The client is the Ministry of Defence (‘MoD’).

Financial close occurred in October 1997.

Six simulators were installed in a building at RAF Benson in Oxford, and construction by CAE Inc. was completed in August 2000. The project involved capital expenditure of approximately £100 million.

The project receives revenue based on usage by the MoD and third parties, with guaranteed minimum amounts. Ongoing maintenance services are provided by CAE (simulators) and Serco (building).