CAE Inc. specializes in training for the civil aviation, defence and security, and healthcare markets. Also, the company designs, manufactures, and supplies simulation equipment worldwide. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in June 1993. CAE Inc. was founded in 1947 and is based in Saint-Laurent, Canada.
(NYSE: CAE) (TSX: CAE) – CAE announced today the official launch of Airside, a new digital platform and online community for pilots. Airside provides career and training tools to support pilots during the COVID-19 pandemic, and throughout their professional career. CAE's digital team, based at the company's innovation campus in Montreal, designed and developed this new digital platform after surveying over 3,000 pilots in April 2020. More than 10,000 visitors have accessed Airside since the digital platform first went live in June 2020.
Aviation training specialists, which saw simulator sales plummet when the coronavirus pandemic brought air travel to a near halt, are getting some relief from an uptick in demand from cargo carriers and airlines gearing up for the Boeing 737 MAX's return to service. Simulator makers Textron and CAE had bet on a sales bonanza with Boeing recommending fresh pilot training on a MAX simulator for the aircraft grounded since March 2019 following two deadly crashes, when it finally flew again. Now they look to business aviation, a lifting of travel restrictions, revived hopes for the MAX's certification later this year or early next, and heavier cargo traffic to boost training and help through the simulator sales drought.