CAE (NYSE:CAE)(TSX:CAE) today announced that it has sold six full-flight simulators (FFSs), three to Azal (Azerbaijan Airlines) and three to Turkish Airlines. Azerbaijan Airlines has purchased simulators for the Embraer 190 E-Jet, Sikorsky S92 helicopter and AgustaWestland AW139 helicopter. Turkish Airlines has purchased simulators for the Boeing 737NG, Airbus A320 and Airbus A330 aircraft. The simulators, if sold including original aircraft equipment manufacturer (OEM) data, parts and equipment, would be worth approximately C$75 million at list prices; most of these simulators included OEM data, parts and equipment furnished by the customers. These are the first six FFS sales announced by CAE for fiscal year 2014 which began in April.
"We are pleased to continue to grow our relationship with Turkish Airlines and to welcome Azerbaijan Airlines as a new customer to CAE," said Marc Parent, President and Chief Executive Officer. "Turkish Airlines already uses our end-to-end portfolio of training services, including cadet training, type-rating and pilot sourcing, we are proud that it is now turning to CAE for its simulation equipment needs. We are also happy to extend our global reach to Azerbaijan and be the partner of choice of its national airline."
Azerbaijan Airlines (Azal)
The Embraer 190 simulator for Azerbaijan Airlines is a CAE 7000 Series model. It will be delivered to a new building in the Azal training centre in Baku, Azerbaijan, in mid-2014. The S92 and AW139 helicopter simulators are CAE 3000 Series models and they will be delivered in 2015.
The Boeing 737NG, Airbus A320 and Airbus A330 simulators for Turkish Airlines are all CAE 7000 Series models. They will be delivered at the airline's training centre located at Ataturk Airport in Istanbul, Turkey, in 2013 for the B737NG and 2014 for the Airbus simulators. Turkish Airlines currently operates two CAE-built simulators and is a CAE Parc Aviation customer for pilot sourcing. Last March, CAE announced a three-year contract to train new Turkish Airlines A320 and B737NG First Officers in a program ranging from ab-initio to type-rating training.
Date: Jun 7, 2013