CAE Secures 10-Year Pilot Training Contract With Batik Air
Portfolio Pulse from Benzinga Newsdesk
CAE, a global leader in training for the civil aviation, defense and security, and healthcare markets, has secured a 10-year pilot training contract with Batik Air. The contract will provide comprehensive training solutions for the airline's pilots.
August 29, 2023 | 6:48 am
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CAE has secured a 10-year pilot training contract with Batik Air, which will likely increase its revenue and strengthen its position in the aviation training market.
The 10-year contract with Batik Air is a significant win for CAE. It not only provides a steady stream of revenue for the next decade, but also strengthens CAE's position in the aviation training market. This news is likely to be viewed positively by investors, potentially leading to an increase in CAE's stock price in the short term.
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