MIF invests in Dutch producer of innovative flight simulators
MIF announced that it has acquired a substantial minority stake in Multi Pilot Simulations B.V. (MPS). MPS develops and manufactures flight simulators and is based in Groenekan (Utrecht). The investment will be used to further develop the A320 simulator and expand the organization to accelerate market penetration.
MPS is responding to the increasing demand by Flight Training Organizations (FTO's) in their requirement for affordable yet high quality, JAA-approved, type-specific flight training devices ('FTDs'). MPS develops and manufactures Fixed Base jet simulators in order to offer FTO's the possibility to provide higher quality training in response to changing demands of airlines. Currently many FTO's use simulators representing Turbo Prop aircraft, which are becoming less suitable for the increasing proficiency levels of graduates demanded by airlines. MPS currently produces B737-NG and A320 FBS simulators and may, based on demand, add other types in the future.
