Paris, France, June 20, 2017 (NYSE: CAE; TSX: CAE) - CAE announced today at the 2017 Paris Air Show a series of aviation training solution contracts with large fleet operators and airlines worldwide, including Ethiopian Airlines, Air India, and Japan Airlines. These agreements, valued approximately C$85 million, cover airline pilot and cabin crew training, crew resourcing, business aviation pilot training programs, as well as the sale of four full-flight simulators (FFS).
Innovative training equipment, including update services and the sale of 4 full-flight simulators
"These contracts come from all regions of the world and highlight the full extent of CAE's aviation training solutions," said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions. "We are proud that our new and existing customers continue to choose CAE as their partner to support their growing training and crew sourcing needs."
The 4 full-flight simulator sales represent CAE's first four FFS sales for fiscal 2018. The FFSs are at list prices, which include the value of OEM aircraft-specific data, parts and equipment (DP&E). In the case of these contracts, some customers are providing part of the OEM content.
Date: Jun 20, 2017