CAE forms strategic partnership with Directional Aviation
Click Like to Follow Fliegerfaust Facebook page to get the News ASAP / Share to share this post now.
September 2, 2019 - by KATE SARSFIELD for flightglobal.com
Flight training provider CAE has formed a strategic partnership with corporate aviation investment firm Directional Aviation, further strengthening its foothold in the business aviation market.
Under the agreement, CAE will create a joint-venture with Directional affiliate Volo Sicuro and acquire – for $85 million – a 50% stake in simulator-based training company Simcom.
In turn, six other Directional affiliates – manufacturer Nextant Aerospace, and operators Corporate Wings, Flexjet, Flight Options, Flairjet and Sirio – will enter into a 15-year exclusive training services agreement with Simcom and CAE...
- In 2019: CAE Does Not Like Your Children If They Are "Boys", Right ... ›
- Video: 4K 360° COCKPIT CAM: Airbus A380 Takeoff, Lufthansa from ... ›
- FAA says it will invite global Boeing 737 MAX pilots to simulator tests ... ›
- CAE Reports No Letup in Business Aviation Pilot Demand - Smarter ... ›