Canadian Flight School & Career College (Transport Canada–Approved FTU) for Sale (No. 346681)

Profitable • Fully Accredited • Transport Canada–Approved FTU • PPL & CPL Programs • 11-Aircraft Fleet + TC-Approved Simulator

Executive Overview

Halladay Education Group is pleased to present the opportunity to acquire a leading Western Canadian aviation training college with a long-standing regulatory footprint and a hard-asset foundation. The business combines (i) Transport Canada FTU approval, (ii) provincial accreditation, (iii) DLI status, and (iv) Student Aid eligibility, creating meaningful barriers to entry for new competitors.

With normalized EBITDA of $909K (average of FY2024 and FY2025F) and forecast expansion to $1.05M by FY2026F at 30%+ EBITDA margins, the platform offers buyers immediate exposure to aviation training demand and the pilot supply imbalance, without the multi-year approvals and capital investment typically required to replicate an on-airport training footprint.

Financial Performance (FY2022–FY2026F)

Revenue: $1.95M (FY2022) → $2.97M (FY2024) → $3.45M (FY2026F)

• Approx. 15% CAGR, indicating steady, repeatable growth

Adjusted EBITDA: $309K (FY2022) → $959K (FY2024) → $1.05M (FY2026F)

• Normalized run-rate: $909K average (FY2024–FY2025F)

• Approx. 36% CAGR, reflecting operating leverage

EBITDA Margin: 16% (FY2022) → 32% (FY2024) → 31% (FY2026F)

• Durable high-20s to low-30s range supported by utilization and scale

Enrollment Scale: 83 students (FY2021) → 335 (FY2026F)

• Students per aircraft rising from 21 to 31, indicating capacity headroom without major capex

Hard Asset Foundation (Fleet + Maintenance)

The platform includes an 11-aircraft fleet valued at approximately $2.6M, providing tangible collateral value and immediate training capacity. The transaction also includes a co-located aviation maintenance operation that supports dispatch reliability and reduces dependence on third-party maintenance. Digital maintenance records are available in the data room.

Regulatory Moat and Funding Access

The college holds a high-value approvals stack: Transport Canada FTU approval, provincial accreditation, DLI status, and Student Aid eligibility. This positioning supports multiple enrollment channels across domestic, international, and sponsored cohorts.

Aviation programs are described as PGWP-eligible under current policy (per management), helping differentiate the platform from many private career college sectors facing more restrictive policy dynamics. Replicating the approvals stack and airside operating footprint is expected to require 18–24 months and $3M+ of capital, depending on market and regulatory timelines.

Market Dynamics: Pilot Supply Constraints Support Demand

Pilot availability constraints and mandatory retirements are shaping long-term demand for pilot training. Training capacity remains constrained across the sector, and aircraft procurement lead times can limit expansion for newer operators. An established operator with an existing fleet and TC approvals can better sustain utilization and pricing discipline than under-capitalized competitors.

The Opportunity

This listing offers buyers three core pillars:

1) Scarcity asset with defensible positioning

• Transport Canada-approved FTU with dedicated on-airport infrastructure.

• Multi-layer approvals stack (TC FTU, Provincial Accreditation, DLI, Student Aid) that is difficult and time-consuming to replicate

2) $2.6M fleet and simulator with utilization headroom

• 11 aircraft plus TC-approved simulator

• Improving students-per-aircraft ratio (21 → 31) indicates operational headroom before meaningful additional fleet capex

3) Capital-efficient route to $1M+ EBITDA

• Normalized EBITDA of $909K scaling to $1.05M (FY2026F) at 30%+ margins

• Growth driven by scheduling density, extended hours, and CFI expansion rather than campus build-out

Buyer Profile

This aviation training platform is suitable for:

• Strategic education operators seeking regulated, cash-flowing vocational programs

• Aviation operators seeking a captive pilot pipeline and training infrastructure

• Private equity sponsors targeting asset-backed platforms with scalable capacity

• Experienced owner-operators seeking a hands-on business with clear levers for growth

Visible Growth Runway

Capital-efficient expansion

• The current fleet supports 30–35% enrollment growth without the acquisition of new aircraft, and extended operating hours support incremental margin.

• CFI hiring is the primary near-term investment versus fixed campus expansion

Near-term catalysts

• PAL-approved students awaiting visa processing

• Government-funded training initiatives

• Higher-margin advanced ratings (Multi-Engine, IFR, Instructor)

Operational advantages

• Simulator utilization reduces weather disruption and improves throughput.

• Vertically integrated maintenance supports dispatch reliability and margin capture.

• Excess hangar capacity adds operational flexibility.

Diversified Enrollment Channels

Enrollment includes domestic students (with financial aid eligibility), international students (DLI-approved), and employer-sponsored cohorts. Management reports an approximate mix of 30% domestic and 70% international, with a visible pipeline of PAL-approved students currently awaiting visa processing. FY2026 assumptions include incremental students from new PAL approvals and conversion of prior PAL holders still in process, alongside continued aviation program growth and government-funded initiatives (subject to seasonality as the Summer 2026 flying season approaches).

Transaction Overview and Process

The opportunity involves the acquisition of 100% equity in a Transport Canada–approved FTU, a private career college, and an integrated maintenance business. The transaction includes the operating platform, the 11-aircraft fleet, and the simulator. Facilities are operated under long-term lease arrangements (no real estate included).

Access to detailed materials requires an executed NDA, proof of financial capacity, and confirmation of relevant operating experience.

Structure and Timing

• Transaction Structure: 100% equity acquisition of the operating company and related maintenance entity

• Included Assets: aircraft fleet and simulator included in the transaction

• Facilities: long-term lease arrangements (no ownership transfer)

• Management: turn-key team in place and committed to a handover plan

• Access: NDA required for CIM, data room, and management meetings

Next Steps

To explore this opportunity, please get in touch with Halladay Education Group and reference School No. 35981. To request an NDA and receive the Confidential Information Memorandum and access to the data room, email us or call toll-free at +1.800.687.1492.

You can click HERE for more details about this opportunity.

If you’re considering selling your school or educational business, or pursuing a strategic acquisition, we welcome the opportunity to discuss how our advisory services can support your objectives.