Three-year Contract Valued At US$28 million
F light Options, LLC will soon begin training all of the
company's pilots at CAE SimuFlite's Dallas- Fort Worth center
thanks to an agreement announced on Tuesday. The exclusive
three-year agreement, with an option for two more years, is the
single largest ever for CAE SimuFlite.
The three-year deal, which becomes fully effective in February,
is valued at approximately US$28 million (C$35 million). If
exercised, the additional two-year contract option could bring the
value to US$48 million (C$61 million) over five years.
Based in Cleveland, Ohio, Flight Options, LLC is the world's
fastest growing fractional provider and employs over 1300
professionals nationwide. Flight Options offers fractional shares
and leases in i