February 19, 2021
In 1981, Canadian Aviation Electronics (CAE) was interested in selling its Winnipeg facilities–hangars, office space and shops– at the Winnipeg International Airport (now the James A. Richardson International Airport), on land owned by Transport Canada. The board members set to work raising the capital required to purchase the complex, even if it meant personally guaranteeing a second mortgage. CAE took back the second mortgage instead, on a gentleman’s agreement!