Training and Workforce
CAE Seals Deal To Buy 50% of Simcom from DAC
CAE has finalized its 50 percent acquisition of Simcom from Directional Aviation Capital for $85 million, some two months after the deal was announced.

CAE has finalized its 50 percent acquisition of Simcom from Directional Aviation Capital (DAC), some two months after the deal was announced, the companies said today. Under the $85 million deal, for the next 15 years CAE will also be the exclusive training services provider to six DAC-owned business aircraft operators: Flexjet, Flight Options, Flairjet, Sirio, Nextant Aerospace, and Corporate Wings. Combined, these operators have a fleet of 175 business aircraft.