Article content

The provincial and federal governments plan to give aviation simulator-maker CAE nearly $200 million over the next five years to help the company develop a new “innovation campus” in Montreal.

The campus is part of a larger “digital transformation” that will the see Montreal-based company spend a total of $1 billion over the next five years to develop a new generation of flight simulators and new training services in the areas of aviation, defence and health, the company said on Wednesday.

We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Quebec, Ottawa to give CAE nearly $200 million for aviation training Back to video

As part of the plan, CAE will create 400 new jobs across the country, of which 335 will be in Montreal. 1,700 employees will receive retraining.

“The company will also add 550 new co-op internships and double the number of scholarships for students,” Prime Minister Justin Trudeau said during a speech at the company’s Montreal headquarters.

Government money will help the company move faster than it could on its own, said Marc Parent, CAE’s president and CEO.