News and Announcements
Pacsim Makes First Airline Sale
- Published January 17, 2018 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY TAKEAWAYS:
- $2 million in sales in last 3 months of 2017
- First simulator sale to an airline
- Certified simulator sold to University of South Australia
- Flight Experience network expands to 19 locations
Pacific Simulators has had a busy end to 2017 with 5 sales, both training and entertainment, since October. A significant development has been the sale of a training simulator to Bolivian Airlines, who run a small fleet of Boeing 737’s. Whilst several airlines have been using Pacsim simulators, Bolivian is the first to purchase one for their own specific needs, and marks an important step in the acceptance of our products for the airline training market.
Two training products have been sold to UniSA in Adelaide and Ardmore Flying School in Auckland, NZ. Both devices will be used to expand the training capabilities for commercial pilots.Pacsim is also in the final stages of closing another Australian-based airline sale and another NZ flight school.
Flight Experience will also expand to a total of 19 outlets by mid 2018 with sales to Amana Entertainment Group in Qatar and a Chinese property company based in Tangshan. Since presenting at the Wholesale Investor November luncheon, Pacsim has attracted interest from a number of parties and is continuing discussions with them for investment. Investment is required to take the next step in airline certification of the Airbus A320 and Boeing 737 simulators.
About Pacific Simulators 2010 Ltd
Pacific Simulators (Pacsim) is a flight simulator manufacturer who have designed and built cost-effective training simulators suitable for airlines.
The airline industry is booming with over 12,000 Boeing and Airbus planes on order and a demand for nearly 700,000 pilots over the next 20 years.
Pacsim have created the perfect simulator solution to enable cost-effective training with better training outcomes for airlines with Boeing 737 and Airbus A320 aircraft.
Company Updates
THE TAX CHANGED. NOW THE PRODUCT IS CHANGING TO MATCH.
Changes to the 50% capital gains tax discount are shifting Australian private capital away from growth and into high-yielding wrappers. Fund managers are actively redesigning products across private credit and property to capture the incoming capital rotation
The Algorithm Re-Dosing Cancer Treatment: Inside the University of Melbourne Spin-Out Rewriting a 60-Year-Old Formula
Oncology specialists are still calculating toxic chemotherapy doses using a formula from the era of the Ford Model T, leading to a system where seven out of eight patients are routinely overdosed. University of Melbourne spin-out PredicTx is dismantling this legacy approach, utilizing advanced AI to analyze existing patient CT scans, deliver precision medicine to the bedside, and return a massive 100x financial rerate to hospital networks.
Asset over thematic: Centuria’s Andrew Essey warns against ‘blanket strategies’ as global capital eyes Australia
Relying solely on broad macroeconomic trends is the single biggest mistake property investors make today. Centuria Capital CIO Andrew Essey explains why asset-level “lettability” always trumps the overarching sector thematic, and reveals where global institutional capital is quietly pivoting to capture high-octane returns.
Backed By Leading Investment Groups and Family Offices
