(Reuters) - CAE Inc (CAE.TO) expects strong demand from airlines for pilot training when Boeing Co’s (BA.N) grounded 737 MAX jets are cleared to fly, Chief Executive Marc Parent told analysts on Wednesday, after the Canadian training specialist reported lower-than-expected quarterly earnings.
CAE, the world’s largest civil aviation training company, reported higher costs and a near 30% fall in quarterly operating income from its second-largest defense and security business, but said its full-year outlook for fiscal 2020 remains on track.
