Posts in Malaysia
AirAsia and CAE extend business relationship

AirAsia and CAE (NYSE: CAE; TSX: CAE) have concluded a sale and purchase agreement concerning the Asian Aviation Centre of Excellence (AACE), which is currently a 50:50 CAE-AirAsia joint venture. The transaction of US$100 million (including earn-out) will give CAE full control over AACE’s three training centres – located in Sepang, Malaysia; Singapore; and Ho Chi Minh City, Vietnam

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