May 11 (Reuters) - CAE CAE.TO said on Monday it is pursuing strategic alternatives for its aviation software business Flightscape, as the company aims to streamline operations and focus on its core simulation and training business.
The Montreal-based flight simulator maker said it would assess options, including partnerships, investment or sale, for the cloud-based software (SaaS) platform that helps airlines plan and manage flight operations.
The move comes at a time when CAE's larger Civil Aviation training segment has been facing sustained softness in orders.
This results from airlines grappling with prolonged supply-chain issues that have hurt simulator sales and training demand.
Despite robust global military spending amid ongoing conflicts helping its other defense segment, the firm undertook restructuring efforts to lower costs and improve cash flow shortly after Matthew Bromberg took over as CEO in June.
Last month, CAE laid-off 2% of its workforce, about 280 positions and launched a review of operations at three training centers in Brussels, Stockholm and Barcelona.
(Reporting by Aatreyee Dasgupta in Bengaluru; Editing by Joyjeet Das)
((Aatreyee.Dasgupta@thomsonreuters.com;))