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Flight simulator maker CAE Inc. reported first-quarter profit attributable to equity holders of $31 million, down from $57.2 million during the same period last year.

That amounted to earnings per share of 10 cents, compared with 18 cents during the prior-year quarter.

Revenue for the quarter totalled $1.17 billion, rising 6.8 per cent year-over-year from $1.10 ...


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Air Canada shares took flight Wednesday after the country’s largest airline announced it would sell a quarter of its Aeroplan loyalty program to Blackstone and a trio of Canadian pension funds for $2.5 billion in a bid to bolster its balance sheet.

The carrier’s stock price jumped 12 per cent to close at $30.61 on the Toronto Stock Exchange on Wednesday.

The sha...


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A federally owned airport in western Labrador was shut down for several days this week after its two firefighting trucks broke down.

It was the third time the Wabush Airport had to shut down in the past 10 months, said Philip Earle, the Liberal member of Parliament for Labrador. The facility serves the busy mining region of Labrador West and it is the third-busiest air...


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AirSuite has been selected to receive support through the Ontario Vehicle Innovation Network’s R&D Partnership Fund to help drive the next generation of Ontario-made mobility technologies. The project represents a total investment of over $383,000, including $100,000 through the Ontario Vehicle Innovation Network (OVIN) and more than $283,000 in industry contributions fro...


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The Canadian Armed Forces is holding an event today with Canadian drone manufacturers to test their platforms in real-world scenarios.

The event, called the RED COBALT Uncrewed Systems Accelerator, is being held at a NATO test centre in the Ottawa Valley set up for testing cutting-edge technologies.

The federal government is looking to quickly adopt more drones ...


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