CAE has concluded a multilayered arrangement with Directional Aviation Capital involving investing $85 million for a 50% stake in Simcom, which in turn purchased five CAE simulators and five flight-training devices, and entering a 15-year exclusive contract under which Simcom will provide training for Directional’s various flight operations. Those operations include Flexjet, Flight Options, Flairjet, Sirio, Nextant Aerospace and Corporate Wings whose combined fleet numbers 175 business ...


"CAE Invests $85 Million For Stake In Simcom" is part of our premium online subscription to BCA. Current Business & Commercial Aviation magazine subscribers: online access is now included at no added charge to you. To read this full article, use your subscriber email to log in to your account (or contact us for assistance in updating your account).


Already registered? here.