CTC deal brings $8m to Waikato economy
A partnership between Hamilton-based CTC Aviation and a Japanese university is pumping $8 million a year into Waikato's economy and pushing locally trained Japanese pilots into international aviation jobs.
Tokyo-based J F Oberlin University signed on to send its trainee airline pilots to CTC Aviation's campus at Hamilton International Airport in 2010.
The students previously did mandatory overseas training in the United States, but when the university went searching for a new provider, New Zealand Trade and Enterprise introduced the education provider to CTC Aviation.
The university facilitates a four-year flight operations degree programme, which requires part of the flight training to be carried out overseas. Students study for 18 months at the university's campus in Japan before training in Hamilton for two years.
The cadets return to Japan for their last six months of study.
The contract was initially thought to bring in about $4 million annually to Waikato's economy.
But put into practise, the value has doubled to $8 million.
CTC's acting managing director Julian So said the financial injection was down to the training provider's investment in infrastructure, an increased use of local suppliers and spending by the students while living in the region.
The first twelve Japanese students to train at the school through the partnership have been hired ahead of their graduation.