CAE News

In a release dated May 16, the Company said that CAE has financed the acquisition with a new senior unsecured credit facility.

Ilhavo, Portugal - SADIF Investment Analytics, announces a new summary due diligence report covering the following companies: Report Summary for: AvenEx Energy Corp is a below average quality company with a negative outlook.

Canada's CAE Inc , an aviation trainer and flight simulator maker, posted a higher quarterly profit, but said it would cut about 4 percent of its workforce as it expects reduced defense spending in Europe.

CAE Inc. is cutting 300 jobs despite growing revenues and profits as the flight simulator and training company adjusts to the impact of military budget cuts in Europe.

The business, which trains hundreds of pilots every year, was bought by civil aviation training firm CAE for A 195m.

Simulation and training specialist CAE has acquired Oxford Aviation Academy in a C$314 million deal that will add seven training centers and 40 full-flight simulators to CAE's worldwide base of facilities.

Aura Minerals Inc. . Miner. Down 35 cents, or 50.72 per cent, at 34 cents on 6,003,932 shares.

CAE has acquired Oxford Aviation Academy , an industry-leading provider of aviation training and crew sourcing services for C$314 million.

Simulation and training systems provider CAE Inc said it bought Oxford Aviation Academy for C$314 million to expand its civil aviation training footprint.

CAE will release its fiscal year 2012 fourth quarter and full-year financial results on Wednesday, May 23, 2012.