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British Columbia’s CAE Inc., Singapore Airlines to JV for Pilot Training

Montreal-headquartered CAE Inc., a global leader in training for the civil aviation, defence and security, and health care markets, has signed a memorandum of understanding (MOU) with Singapore Airlines (SIA) to establish a joint venture for pilot training in Singapore. The joint venture will initially focus on providing simulator training for Boeing aircraft types, supporting SIA Group airlines and other operators' pilot training needs in the region. The equally owned joint venture centre will operate out of the Singapore Airlines Training Centre (STC) located near Changi Airport. The deal is subject to closing conditions, including regulatory approvals.

Information summarized from: 
Canada Stockwatch

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