CAE announced in August 2019 that it has entered into a strategic partnership with Directional Aviation Capital (DAC), one of the largest, fastest growing, and most innovative corporate aviation service companies globally.
As part of this transaction, CAE will form a joint venture with DAC’s affiliate, Volo Sicuro, LLC and acquire for approximately US$85 million a fifty-percent stake in SIMCOM Holdings, Inc.
In addition, DAC’s affiliated business aircraft operators, which include Flexjet, Flight Options, Flairjet, Sirio, Nextant Aerospace and Corporate Wings will enter into a 15-year exclusive training services agreement with SIMCOM and with CAE. Together, these aircraft operators have a rapidly growing fleet of approximately 175 business aircraft. In addition, to enhance its training offering, SIMCOM will purchase equipment from CAE’s latest product offering, including five full flight simulators.
