CAE to increase ownership stake in SIMCOM Aviation Training joint venture and extend exclusive Business Aviation training agreement with Flexjet and its affiliates.
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CAE is increasing its ownership stake in the SIMCOM Aviation Training joint venture by purchasing a majority of shares for $230 million. This move supports Flexjet's global pilot training needs as pilot ranks increase.
November 05, 2024 | 12:30 pm
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POSITIVE IMPACT
CAE is acquiring a majority stake in SIMCOM Aviation Training for $230 million, enhancing its position in aviation training and supporting Flexjet's pilot training needs.
The acquisition of a majority stake in SIMCOM strengthens CAE's position in the aviation training market and aligns with Flexjet's growing pilot training needs, likely boosting CAE's business prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100