CAE Buying Control Of AirAsia Training JV

Canadian training specialist CAE is to pay $100 million for full control over the Asian Aviation Centre of Excellence (AACE), which is currently a 50-50 joint venture with LCC AirAsia.

“The transaction of $100 million, including earn-out, will give CAE full control over AACE’s three training centers— Sepang (Malaysia), Singapore and Ho Chi Minh City (Vietnam)—as well as its share of the Philippine Academy of Aviation Training (PAAT), a joint-venture training center …

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