# CAE Inc. buys AirAsia's stake in joint venture for $100M

CAE Inc. has bought AirAsia's stake in their joint venture, Asian Aviation Centre of Excellence, for $100 million, gaining full control of training centres in Malaysia, Singapore, Vietnam and the Philippines.

- Type: Acquisition
- Announced: 2017-08-24
- Where: Malaysia, Singapore, Vietnam, Philippines, Malaysia
- Value: $100.0M
- Status: completed
- Products: pilot training, simulation services
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [CAE](https://endata.com/companies/15741.md) (acquirer)
- [AirAsia](https://endata.com/companies/26516.md) (target)
- [Asian Aviation Centre of Excellence](https://endata.com/companies/26517.md) (partner)

## Sources

- [financialpost.com](https://financialpost.com/transportation/flight-simulator-maker-cae-inc-buys-out-airasias-stake-in-joint-venture-for-100m/), 2017-08-24: "CAE Inc., which provides training and simulation for civil aviation and defence markets, has bought AirAsia’s stake in its joint-venture for $100-million, giving it full control over several training centres scattered across southeast Asia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.