Training and Workforce
BBD Completes Sale of Bizjet Training Business to CAE
The deal adds 12 full=flight simulators and provides an expanded pool of training specialists.

Bombardier completed the sale of its flight and technical training business to CAE in a deal valued at $645 million, the Canadian airframer announced today. Net proceeds from the sale are expected to tally $500 million, after the assumption of certain liabilities, fees, and closing adjustments, Bombardier added. The conclusion of the agreement comes four months after the companies announced the proposed transaction in November.