Brief: CAE To Increase Ownership Stake In Simcom Aviation Training Joint Venture And Extend Exclusive Business Aviation Training Agreement With Flexjet And Its Affiliates.

Cae

04/11/2024 23:22

Nov 4 (Reuters) - CAE Inc  CAE.TO :
    * CAE TO INCREASE OWNERSHIP STAKE IN SIMCOM AVIATION
TRAINING
JOINT VENTURE AND EXTEND EXCLUSIVE BUSINESS AVIATION TRAINING
AGREEMENT WITH FLEXJET AND ITS AFFILIATES.
    * CAE INC - TO INCREASE OWNERSHIP STAKE IN SIMCOM FOR $230
MILLION
    * CAE INC - CO AND SIMCOM EXTEND EXCLUSIVE TRAINING
AGREEMENT WITH
FLEXJET BY 5 YEARS
    * CAE INC - EXPECTS INVESTMENT TO BE ACCRETIVE TO EARNINGS
AND
CASH FLOW IN FIRST YEAR

Source text:  ID:nCNWJR8b2a 
Further company coverage:  CAE.TO 

 ((Reuters.Briefs@thomsonreuters.com;))