Training and Workforce
CAE, Directional Aviation Ink Exclusive Training Deal
As part of the agreement, CAE also will acquire a 50 percent stake in Directional Aviation's training company, Simcom.

Training services provider and simulator manufacturer CAE has agreed to a deal with investment firm Directional Aviation Capital (DAC) to be the exclusive training services provider to six DAC-owned business aircraft operators, as well as acquire for $85 million a 50 percent stake in Simcom Holdings, another DAC company that provides simulator-based training to pilots and mechanics. “Our investment in Simcom is another step in the expansion of CAE's business aviation training business that gives us access to a rapidly growing customer base as Directional Aviation affiliates' exclusive training partner for the next 15 years,” said CAE president and CEO Marc Parent.