News
CAE completes AACE acquisition
November 24th 2017
Keen to expand in the Asia-Pacific, CAE this week concluded the acquisition of AirAsia Group’s share of the Asian Aviation Centre of Excellence (AACE) for US$100 million, including earn-out. Read More » All the required conditions and regulatory approvals have been obtained, the training specialist said on Tuesday.
AACE employed 150 staff at its Kuala Lumpur, Singapore and Ho Chi Minh City training centres. These are now CAE employees.
“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 CAE president and CEO, Marc Parent. “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 and will continue to offer training for pilots, cabin crew, maintenance engineers, technicians, and ground services personnel to the airline and its affiliates over the long term.
