CAE to Sell Airline Operations Software Business to SITA for $500 Million
CAE said it has signed a deal to sell Flightscape to SITA for an enterprise value of $500 million.
OTTAWA (dpa-AFX) - CAE Inc. (CAE, CAE.TO), a Canadian simulation and operations solutions provider, said on Monday that it has inked a deal to sell Flightscape, its airline operations software business, to SITA, an aviation technology company, for an enterprise value of $500 million. The transactio…