CAE concludes acquisition of Bombardier’s Business Aircraft Training

CAE has concluded the acquisition of Bombardier’s Business Aircraft Training (BAT) business for an enterprise value of $645-million. All the required conditions for closing have been met. The acquisition was first announced on November 8, 2018.

The acquisition of Bombardier’s flight and technicaltraining operations expands CAE’s ability to address the training market forcustomers operating Bombardier business jets. The acquisition also serves toexpand CAE’s position in the business aviation training market, involvingmedium- and large-cabin business jets. It provides CAE with talented people, aloyal customer base and an established recurring training business which ishighly complementary to CAE’s network. The Bombardier BAT business includes amodern fleet of full-flight simulators and training devices covering theBombardier Learjet, Challenger and Global product lines, including the latestlarge cabin Global 5500, 6500 and 7500 business jets.

With this agreement, CAE will be adding 12 Bombardierbusiness aviation full-flight simulators located in Dallas, Texas, and Montreal,Canada, to its training network (including one deployment already planned forCAE’s fiscal year 2021), for a total of 29 Bombardier business aviationfull-flight simulators available for training worldwide, with further growthplanned in the near- to mid-term.