CAE buys out Air Asia in AACE


Canada based CAE Incorporated assumed full ownership of Asian Aviation Centre of Excellence (AACE), a flight training simulator provider, when it bought the 50% share of Air Asia in its joint venture.

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AACE was established in 2011 to provide aviation related training for flight deck crew, cabin crew, aviation engineers and technicians. Currently, it has three simulator training centers located in Malaysia, Singapore and Vietnam. It also has a share in the Philippine Academy of Aviation.
CAE remains as AirAsia Group’s exclusive training partner, having extended its existing training contract for AirAsia until 2036.

 

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