Canada's CAE forms joint venture with Guangdong Aerocity for flight simulators

Canadian company CAE, which is engaged in training for the civil aviation, defense and security, and healthcare sectors, will invest in a flight training and simulator components center near Guangzhou's airport.

CAE will hold a majority stake in the joint venture with Guangdong Aerocity Holdings Co, said Luo Bin, vice-president of Guangdong Aerocity.

With an investment of 2 billion yuan ($288.75 million) and floor space of 80,000 square meters in the Guangzhou Baiyun Airhub Bonded Area, the project is expected to have 20 simulators, he said, adding that China's robust aviation market has created strong demand for pilots.