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Stocks in Play 3/30/2023 - 12:09 PM EST - CAE Inc : Announced a joint venture to establish the first advanced flight training center in Greece. With a capacity for up to seven full-flight simulators, the AEGEAN CAE Flight Training Centre will be part of AEGEAN's new 85,000 m2 technical base at Athens International Airport. The new centre is expected to begin pilot and cabin crew training by the end of 2023 and will be the most advanced flight training hub in Southeastern Europe powered by green energy. The joint venture will initially operate four full-flight simulators, including two Airbus A320neo, one Boeing 737NG, and one ATR 72-600, as well as cabin crew training equipment, and will have space for three additional full-flight simulators. At full capacity, the centre will be able to train up to 3,500 pilots (42,000 pilot training hours) and more cabin crew annually. CAE Inc shares t.cae are trading up $0.59 at $29.91.
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