CAE To Buy Bombardier's Bizav Training Biz for $645M
Acquisition is “highly complementary “ to CAE and will expand its position in the largest and fastest-growing segment of the bizav training market.
Under a $645 million deal with Bombardier, CAE will gain 12 more full-flight business aircraft simulators, such as this Challenger 604 device, bringing its total simulators in this market segment to 29 worldwide. In addition, CAE will be the authorized training provider for Bombardier business jets through at least 2038. (Photo: CAE)