Mumtalakat Holding, Bahrain government's investment arm, has bought two additional full-flight simulators and a suite of support services, said Canada-based CAE, a manufacturer of civil full fight simulators for all major aircraft types.
CAE signed contracts valued at C$52 million ($53 million) with Lufthansa Flight Training and Xiamen Airlines to design and manufacture four full-flight simulators and associated CAE Simfinity training devices.
Harris, CAE, chairman of The Nonprofit Center, Tallahassee, Florida, calls this condition "association by accident." The bottom line, according to Harris, is that most of us come to the field with little knowledge of nonprofit management.
Some of the key contracts include the NATO Support and Procurement Agency (NSPA) awarding CAE a contract to perform a major upgrade on the German Navy's Sea King MK41 helicopter simulator; a contract from Public Works and Government Services Canada (PWGSC) to provide the Canadian Coast Guard a Bell 412/429 helicopter simulator; and a contract to perform upgrades on the US Air Force KC-135 tanker aircrew training devices.
As part of this transaction, CAE will form a joint venture with DAC's affiliate, Volo Sicuro, LLC and for USD 85 million, it will acquire a 50% stake in SIMCOM Holdings, Inc.
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.