20:59:48 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



CAE Inc
Symbol CAE
Shares Issued 318,312,233
Close 2024-04-16 C$ 26.13
Market Cap C$ 8,317,498,648
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FP/CP say CAE in training deal with Nav Canada

2024-04-17 08:39 ET - In the News

The Financial Post reports in its Wednesday edition that CAE has signed an agreement with Nav Canada to help train flight service specialists and air traffic controllers beginning this fall. A Canadian Press dispatch to the Post reports that CAE instructors will use Nav Canada's training curriculum and courseware as it conducts initial training at its new Air Traffic Services Training Centre on its campus in Montreal. The partnership will provide additional training capacity while Nav Canada, which has previously acknowledged flight delays stemming in part to a lack of air traffic controllers, continues to deliver existing training programs. In July, the International Air Transport Association called out air traffic control organizations in North America, which include Nav Canada, for staffing shortages that "continue to produce unacceptable delays and disruptions." Chief executive officer Marc Parent says CAE has an extensive background in advanced training delivery and modern learning sciences, noting the "challenges posed by the increased demand for highly skilled people throughout the aviation sector." Nav Canada says it plans to recruit more than 500 additional students by 2028 who will be trained by CAE.

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