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Yves Le Marquand
8th April 2021, 4:11
CAE has added RB Group as part of its expansion into digital flight crew management. RB is a provider of integrated solutions that modernise the way airline and business aircraft operators interact with their crew. CAE said the addition represents
“another important milestone in the company’
s goal to unite operators and crew in a single, interconnected digital ecosystem”.
Nick Leontidis, CAE’s group president, Civil Aviation Training Solutions, said: ““
Over the past two years, CAE has been focused on unifying a digital flight operations ecosystem with the goal of delivering a holistic suite of solutions designed to improve operations and enhance crew experience. As they prepare for return to flight, crew members will be able to manage and schedule their activities more effectively and operators will have integrated tools to connect and engage with crews like never before,”
Photo: RB Group
Less than four months after expanding into digital crew management services through its acquisition of Merlot Aero, CAE is building on that business with the addition of RosterBuster crew app provider RB Group to its portfolio, the Montreal-based global aviation training company announced today.
According to CAE, the acquisition is a “natural evolution” of its move toward a goal of linking operators and crew through an interconnected digital ecosystem. CAE in 2018 had committed to invest C$1 billion in its digital transformation efforts over a five-year period and in 2019 launched a flight services organization to facilitate an expansion into crew management.
By Jon Hemmerdinger2021-02-12T23:07:00+00:00
Canadian pilot training company CAE’s civil aerospace business turned a C$48 million ($38 million) operating profit in the third quarter of the company’s 2021 fiscal year despite the pandemic driving revenue down by more than half.
Despite the ongoing downturn, CAE chief executive Marc Parent remains bullish about the company’s long-term prospects, predicting CAE will “emerge from this period with even greater strength”.
Source: CAE
CAE flight simulators
The civil division’s operating profit in the three-month period ending in December 2020 is down 61% year-on-year. CAE’s revenue declined by 26% year-on-year in the period to C$412 million.
CAE reports third quarter fiscal 2021 results
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Revenue of $832.4 million up 18% vs. second quarter and down 10% vs. third quarter last year
EPS of $0.18 ($0.22 before specific items
(1)) vs. negative $0.02 ($0.13 before specific items) in the second quarter and $0.37 ($0.37 before specific items) in the third quarter last year
Operating profit
(2) of $82.9 million vs. $28.2 million in the second quarter and $154.9 million in the third quarter last year
Segment operating income before specific items
(3) of $97.2 million vs. $79.3 million in the second quarter and $157.2 million in the third quarter last year
Net cash provided by operating activities of $234.8 million vs. $45.6 million in the second quarter and $322.1 million in the third quarter last year