On November 4, 2024, CAE Inc. announced its plan to acquire a majority stake in SIMCOM Aviation Training by purchasing shares from Volo Sicuro for US$230 million. This transaction, financed through CAE's existing credit facility and cash on hand, aims to strengthen CAE's position in the business aviation training market. As part of the deal, Flexjet, LLC, an affiliate of Volo Sicuro, will retain a minority stake in SIMCOM. Additionally, CAE and SIMCOM have each extended their exclusive business aviation training services agreements with Flexjet and its affiliates by five years, resulting in a remaining exclusivity period of 15 years for both agreements.