Resource Group delighted to announce their acquistion of LRTT
On 15th December 2011 Resource Group Ltd and Lufthansa Technical Training GmbH reached an agreement that as of close of business on 31st December 2011 Resource Group would acquire all the share capital in their Joint Venture Company, Lufthansa Resource Technical Training Ltd (LRTT) and take full control of the business.
Resource Group and Lufthansa Technical Training set up LRTT as a joint venture in 2003. Since this time LRTT has established itself as a quality provider of EASA Part 147 approved fundamentals training. A UK CAA approved company, LRTT provides EASA Part 66 Category A1, A3, B1.1, B1.3 and B2 courses to aircraft engineers and is based at the Cotswold Airport in the UK at a purpose built training facility which includes a maintenance hangar.
LRTT is a strategic investment for Resource Group and will join its Air Traffic Control, Electronic Warfare and UAS training businesses in delivering quality training to the aviation and aerospace markets.
John Larkin, Managing Director at Resource Group comments “We plan further investment in LRTT during 2012 which will lead us to increase the scope of LRTT services supplied and the geographic markets served. We will be working closely with the staff at LRTT to integrate the training school into our group of companies during 2012.”
Ian Fitzpatrick, LRTT Managing Director adds “LRTT has firmly established it’s brand and reputation in the civil and military aviation training sectors and the ability to train engineers for helicopters as well as fixed wing aircraft further diversifies the LRTT portfolio. This exciting development represents an excellent opportunity to grow the service offering and the business both locally and Internationally. Indeed we have already commenced expansion of basic training delivery in collaboration with The European Pilot Academy in Malta and launched EWIS training on line. The plan will also be to expand the LRTT product range considerably.
A major component of this product range expansion is the intention to gain UK CAA type training approval, beginning with the A320, by the end of Q2 this year. A key element of this provision will be the guaranteed, on aircraft practical training through collaboration with our local partner on a live, but not in use, A320 aircraft. This removes what is often the major stumbling block for individuals looking to add type ratings to their basic license and we intend to develop this concept for several additional aircraft types in the near future.
We look forward to taking up our place as a member in our own right and to playing an active role in the EAMTC, an organisation we believe to be indispensable for our industry!