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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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.
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