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    1. Commercial Aerospace

    CAE to acquire CHC Helicopter’s training operations and to become CHC Helicopter’s training provider

    Dec. 21, 2010
    MONTREAL, 21 Dec. 2010. Officials at CAE (NYSE: CAE; TSX: CAE) and CHC Helicopter signed an agreement pursuant to which CAE will acquire CHC Helicopter's helicopter flight training operations including four full-flight simulators located in Norway, England, and Canada. Upon closing, CAE will become CHC's long-term partner and will provide training to its more than 2,000 helicopter pilots and maintenance engineers. The training partnership also includes general training, pilot provisioning, and certain search and rescue training in support of CHC's global fleet.
    Posted by John McHaleMONTREAL, 21 Dec. 2010. Officials at CAE (NYSE: CAE; TSX: CAE) and CHC Helicopter signed an agreement pursuant to which CAE will acquire CHC Helicopter's helicopter flight training operations including four full-flight simulators located in Norway, England, and Canada. Upon closing, CAE will become CHC's long-term partner and will provide training to its more than 2,000 helicopter pilots and maintenance engineers. The training partnership also includes general training, pilot provisioning, and certain search and rescue training in support of CHC's global fleet.The transaction is subject to customary closing conditions. After closing, CAE's global training network will include new training locations in Stavanger, Norway and Aberdeen, England, as well as increased training capacity in Vancouver, Canada."Safety is CHC's number one priority and world-class training is the cornerstone of safe operations," says William Amelio, president and chief executive officer of CHC Helicopter. "CAE is a global leader in training, and establishing a long-term partnership with CAE will enable us to focus on our core business of providing superior helicopter services. We will have access to CAE's global training network, accredited trainers and curriculum developers, its world-class simulators, and other state-of-the art training technology while maintaining complete control and accountability for our training programs. The ability to scale training to meet demand is the way of the future for the helicopter industry.""CHC will be able to increase efficiencies and gain access to CAE's global training network. We welcome the CHC Helicopter training team to CAE, and look forward to working with them to continue delivering the highest-quality training to CHC pilots and engineers as well as other helicopter operators," said Marc Parent, president and chief executive officer of CAE. The simulators included in the agreement are a Eurocopter AS332L/L1 Super Puma and a Sikorsky S-61 located in Stavanger, Norway; an AS332L2 Super Puma in Aberdeen, England and a Sikorsky S-76 simulator in Vancouver, Canada. They complement CAE’s training network which currently offers civil helicopter training in: the Middle East -- Emirates-CAE Flight Training in Dubai offers Bell 412 training;Europe -- Rotorsim, a joint venture of AgustaWestland and CAE, in Sesto Calende, Italy, offers AW109 and AW139 training;North America -- CAE's North East Training Center in Morristown, New Jersey offers Sikorsky S-76C+/S-76B training and, through Rotorsim, offers AW139 training;Mexico -- CAE will soon deliver Bell 412 training; andIndia -- CAE and joint venture partner Hindustan Aeronautics Limited (HAL) offer Bell 412 training and will offer Dauphin and Dhruv training over the next year.CAE also operates military helicopter training centers in England and Germany and offers training on military helicopters in Italy and India.

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