From two different sources I have learned that CAE has bought OAA! This is no surprise as the OAA shareholders (an investment company) had indicated last year already that they wanted to sell the company and made it ready for sale. (in other words stopped investing to boost the balance sheet). Interesting to see that CAE elects to pay a lot again to buy a competitor while their own operatiopn is still undefined and having quality issues... Is a bit like buying yourselves out of a hole
The most interesting questions:
-Will they invest in up to date equipement and facilities in Oxford
-What will happen to the Oxford brand or will it become a global academy