financetom
Business
financetom
/
Business
/
CAE, WestJet, Seal 15-Year Training Agreement, to Launch Training Facility in Calgary
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
CAE, WestJet, Seal 15-Year Training Agreement, to Launch Training Facility in Calgary
Sep 10, 2025 10:10 AM

12:47 PM EDT, 09/10/2025 (MT Newswires) -- CAE (CAE.TO) on Wednesday said it signed a 15-year training agreement with WestJet and will establish the Alberta Training Centre of Excellence for Aviation and Aerospace in Calgary.

Expected to open in 2028, the 126,000 square foot facility will house eight full-flight simulators, with room for expansion, alongside cabin trainers and advanced digital learning tools. WestJet will be the Centre's primary commercial airline customer and be the first to schedule initial and recurrent training for pilots and cabin crew, a statement said.

In partnership with Mount Royal University, the facility will be the first of its kind in Canada to combine state-of-the-art training equipment with collaborative research and development initiatives.

"The Alberta Training Centre of Excellence represents what's possible when industry, academia, and government come together with a shared vision for innovation, safety, and workforce development. As global demand for aviation professionals accelerates, this centre positions Canada to remain at the forefront of training excellence," said CAE Chief Executive Matthew Bromberg.

CAE shares were last seen up $0.44 to $36.75 on the Toronto Stock Exchange.

Price: 36.61, Change: +0.30, Percent Change: +0.83

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Wipro Signs Multiyear IT Deal With Hanesbrands
Wipro Signs Multiyear IT Deal With Hanesbrands
Oct 29, 2025
10:31 AM EDT, 10/29/2025 (MT Newswires) -- Wipro ( WIT ) said Wednesday it signed a multiyear agreement with Hanesbrands ( HBI ) to modernize its information technology infrastructure and cybersecurity systems using the Wipro Intelligence WINGS platform. The partnership supports Hanesbrands' ( HBI ) artificial intelligence-led IT 2.0 strategy to streamline operations, enhance compliance, and cut costs, Wipro (...
Eli Lilly to invest $1.2 billion in Puerto Rico as part of US manufacturing push
Eli Lilly to invest $1.2 billion in Puerto Rico as part of US manufacturing push
Oct 29, 2025
Oct 29 (Reuters) - Eli Lilly ( LLY ) said on Wednesday it will invest more than $1.2 billion to expand its manufacturing site in Puerto Rico, as the drugmaker looks to increase its U.S. production capacity to hedge against potential tariffs. The revamped facility in Carolina, Puerto Rico will help manufacture Lilly's weight-loss pill, orforglipron, for which the company...
ODFL Shares Jump As Q3 Earnings Top Forecasts Despite Freight Slowdown
ODFL Shares Jump As Q3 Earnings Top Forecasts Despite Freight Slowdown
Oct 29, 2025
Old Dominion Freight Line, Inc ( ODFL ). shares are trading higher after the company reported third-quarter 2025 results. Details Revenue fell 4.3% year over year (Y/Y) to $1.41 billion, missing expectations of $1.40 billion. The decline was primarily due to a 9.0% Y/Y drop in LTL tons per day. LTL tons per day fell due to a 7.9% Y/Y decrease in shipments...
BRIEF-OnMed And Berto Acquisition Corp. Sign Non-Binding Letter Of Intent For A Business Combination
BRIEF-OnMed And Berto Acquisition Corp. Sign Non-Binding Letter Of Intent For A Business Combination
Oct 29, 2025
Oct 29 (Reuters) - Berto Acquisition Corp ( TACO ): * ONMED AND BERTO ACQUISITION CORP. SIGN NON-BINDING LETTER OF INTENT FOR A BUSINESS COMBINATION * BERTO ACQUISITION CORP ( TACO ): KARTHIK GANESH, CEO OF ONMED, WILL LEAD COMBINED COMPANY * BERTO ACQUISITION CORP ( TACO ): COMBINED COMPANY IS EXPECTED TO BE PUBLICLY LISTED Source text: Further company...
Copyright 2023-2026 - www.financetom.com All Rights Reserved