CAE to sell Flightscape to SITA
Key Highlights
- ➤US$500 million enterprise-value sale of Flightscape to SITA announced
- ➤Transaction expected to close in first half of 2027, pending approvals
- ➤CAE to sharpen focus on core Civil and Defense businesses
- ➤Sale proceeds target core simulation, training investments and shareholder returns
Expert Statements
Matthew Bromberg, President and Chief Executive Officer of CAE
“We are proud of the business the Flightscape team has built and the market position it has earned”
Matthew Bromberg, President and Chief Executive Officer of CAE
“We believe SITA is the right owner for Flightscape's next chapter and is well positioned to support its customers, employees, and continued growth.”
Matthew Bromberg, President and Chief Executive Officer of CAE
“This transaction is fully consistent with our transformation plan and will sharpen CAE's focus to our core Civil and Defense businesses, where we are best positioned to lead”
Matthew Bromberg, President and Chief Executive Officer of CAE
“Through this accretive transaction, we are strengthening our ability to deliver greater value for customers, drive profitable growth and create long-term shareholder value.”
David Lavorel, Chief Executive Officer of SITA
“Airlines need to make the best possible use of their aircraft, crews and infrastructure while responding to increasingly complex operational challenges”
David Lavorel, Chief Executive Officer of SITA
“With Flightscape, we will bring together our complementary capabilities to strengthen what we offer airlines and connect their operational decisions with insight from across the aviation ecosystem. That will help our customers anticipate disruption, recover more effectively and run more resilient operations.”
MONTREAL, Oct. 26, 2026 /PRNewswire/ -- (NASDAQ: CAE) (TSX: CAE) – CAE Inc. (CAE or the Company) today announced that it has entered into a definitive agreement to sell Flightscape, its airline operations software business, to SITA, a global aviation technology company, for an enterprise value of US$500 million, subject to customary adjustments.
The transaction is expected to close in the first half of 2027, following receipt of regulatory approvals and satisfaction of the remaining closing conditions.
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