03:24 PM EST - CAE Inc. : And AirAsia have concluded a sale and purchase agreement concerning the Asian Aviation Centre of Excellence (AACE), which is currently a 50:50 CAE-AirAsia joint venture. The transaction of $100 million U.S. (including earn-out) will give CAE full control over AACE's three training centres - located in Sepang, Malaysia; Singapore; and Ho Chi Minh City, Vietnam - as well as its share of the Philippine Academy of Aviation Training (PAAT), a joint-venture training centre between AACE and Cebu Pacific, located in Manila, Philippines. CAE Inc.
shares T.CAE are trading down $0.07 at $20.16.
