CAE announced today at the 2017 World Aviation Training Conference and Tradeshow (WATS) a series of commercial aviation training solutions contracts and agreements with airlines worldwide, including Scandinavian Airlines, Ethiopian Airlines, Korean Air and new Chinese customer Donghai Airlines. These agreements, valued at more than C$375 million, form part of the orders awarded to CAE during its fourth quarter of fiscal year 2017. They involve comprehensive cadet-to-captain training programs and the sale of 11 more full-flight simulators (FFS), which brings CAE's total FFS sales for fiscal year 2017 to 50.
The agreements, which highlight the span of CAE's commercial aviation training solutions, include:
Ab-initio pilot training agreements, illustrating CAE's support to the growing need for professional airline pilots
Airline pilot and cabin crew training contracts, demonstrating the recurring nature of CAE's offering
Innovative training equipment, training centre operations and post-delivery services, including the sale of 11 full-flight simulators, reinforcing CAE's market leadership position
"We continue to see strong demand in the commercial aviation market and these agreements reaffirm CAE's position as the industry's leading global training partner of choice," said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions. "We are privileged to support our new and long-standing customers' growth and we look forward to shaping the future of training with them."
Date: May 2, 2017