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CAE to acquire CHC Helicopter’s training operations and become CHC Helicopter’s training provider

CAE and CHC Helicopter announce that they have signed an agreement pursuant to which CAE will acquire CHC Helicopter’s helicopter flight training operations including four full-flight simulators located in Norway, United Kingdom and Canada. Upon closing, CAE will become CHC’s long-term partner and will provide training to its more than 2,000 helicopter pilots and maintenance engineers. The training partnership also includes general training, pilot provisioning and certain search and rescue training in support of CHC’s global fleet.

The transaction is subject to customary closing conditions. After closing, CAE’s global training network will include new training locations in Stavanger, Norway and Aberdeen, United Kingdom, as well as increased training capacity in Vancouver, Canada.