CAE Ups Ante in Simcom Training Joint Venture, Extends Deal with Flexjet | Aviation International News

Training and Workforce

CAE Ups Ante in Simcom Training Joint Venture

Canadian company takes majority share of business aviation training provider

Simcom facility with full flight simulators — Simcom opened its fourth aviation training center—and third in Orlando, Florida—in Lake Nona on Dec. 15, 2023. The building can house a dozen full-motion simulators and six stationary simulators for pilot training in several business aircraft models.

By Chad Trautvetter • Online Editor

November 5, 2024

CAE is increasing its ownership stake in business aviation training provider Simcom and extending an exclusive training agreement with aircraft fractional share firm Flexjet and its affiliates. Under the deal announced this week, Simcon is purchasing a majority of Simcom shares from Volo Sicuro for $230 million, leaving joint venture partner Flexjet with a minority stake in the training provider following the closing “in the coming days.”

Additionally, CAE and Simcom will each extend their respective exclusive business aviation training services agreement with Flexjet and its affiliates by five years. This results in a remaining exclusivity period of 15 years for both agreements.

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The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

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Simcom International Inc.

CAE

Flexjet

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