Bombardier Closes Sale Of Bizav Training Unit To CAE

Credit: Global 7000: Bombardier
Bombardier said it has concluded the sale of its flight and technical activities to CAE in a deal valued at $645 million. Net proceeds are expected of about $500 million after the assumption of liabilities, fees and closing adjustments. The companies announced the deal in November. Under the...
Molly McMillin

Molly McMillin, a 25-year aviation journalist, is managing editor of business aviation for the Aviation Week Network and editor-in-chief of The Weekly of Business Aviation, an Aviation Week market intelligence report.

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