CAE Concludes Acquisition Of AirAsia's Share Of The Asian Aviation COE | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-06.02.25

Airborne-NextGen-06.03.25

AirborneUnlimited-06.04.25

Airborne-AffordableFlyers-06.05.25

AirborneUnlimited-06.06.25

Sun, Nov 26, 2017

CAE Concludes Acquisition Of AirAsia's Share Of The Asian Aviation COE

Deal Valued At $100 Million

CAE has concluded the acquisition of AirAsia's share of the Asian Aviation Center of Excellence (AACE) for $100 million (U.S.) (including earn-out). All the required conditions and regulatory approvals have been obtained. The sale and purchase agreement had been announced in a press release dated August 24, 2017.

The acquisition allows CAE to expand its footprint in the fast-growing Asia Pacific aviation market, and further reinforces its position as the global training partner of choice. The 150 employees from the three AACE training centres located in Kuala Lumpur, Malaysia; Singapore; and Ho Chi Minh City, Vietnam become CAE employees as of today.

"As we conclude the transaction and launch a new phase in our relationship, I would like to once again thank AirAsia for their confidence in CAE," said Marc Parent, CAE's President and Chief Executive Officer. "We are pleased to welcome the AACE team to CAE. Together, we will continue to build on the world-class training experience that our customers have come to expect. We look forward to continuing to shape the future of training with you."

CAE remains AirAsia Group's exclusive training partner of choice and will continue to offer training for pilots, cabin crew, maintenance engineers, technicians, and ground services personnel to the airline and those of its affiliates over the long term. The extended training agreement represents an additional order intake of over $350 million (Canadian) added to CAE's backlog.

(Source: CAE news release)

FMI: www.cae.com

Advertisement

More News

Citation Operators Get Another Flight Data Connection for QA

LinxUs System Adds Capabilities for Data-Driven Operators Textron Aviation announced another option for operators processing their post-flight data, adding interoperability with GE>[...]

ANN's Daily Aero-Linx (06.01.25)

Aero Linx: The de Havilland Moth Club Ltd The de Havilland Moth Club evolved from a belief that an association of owners and operators of Moth aeroplanes should be formed to create>[...]

NTSB Final Report: Bellanca 8GCBC

(Pilot) Inadvertently Applied Excessive Braking Action, And The Airplane Nosed Over Analysis: The pilot reported that, while landing at a remote, rough and uneven airstrip in a tai>[...]

Aero-News: Quote of the Day (06.01.25)

“MCADT is committed to rapidly integrating armed first-person view drones into the FMF, enhancing small-unit lethality and providing organic capabilities that warfighters cur>[...]

Classic Aero-TV: High-Speed Match-up - Venom and GE Rebirth A Legend

From 2017 (YouTube Edition): Major Engine Supplier Joins Forces With Small Aircraft Manufacturer… GE recently made an agreement with Venom Aircraft to supply engines for the>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC