CAE to increase ownership stake in SIMCOM Aviation Training joint venture and extend exclusive Business Aviation training agreement with Flexjet and its affiliates.

Further supporting Flexjet's global pilot training needs to meet increasing pilot ranks MONTREAL, Nov. 4, 2024 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE announced today that it will increase its ownership stake in its existing SIMCOM Aviation Training (SIMCOM) joint venture by purchasing a majority of SIMCOM shares from Volo Sicuro for USD $230 million, subject to customary adjustments, to be financed with CAE's existing credit facility and cash on hand. As part of the transaction, Flexjet, LLC, a relate ...