CAE wins contracts for three full-flight simulators

MONTREAL, QUEBEC, 2 April 2009. Over the past month, CAE officials have signed contracts to design and manufacture three full-flight simulators (FFSs) and associated CAE Simfinity training devices valued at $33 million Canadian at list prices. The contracts are with first-time simulation equipment customers Avianca Airlines and Sofia Flight Training, as well as Emirates-CAE Flight Training (ECFT).

Apr 2nd, 2009

MONTREAL, QUEBEC, 2 April 2009. Over the past month, CAE officials have signed contracts to design and manufacture three full-flight simulators (FFSs) and associated CAE Simfinity training devices valued at $33 million Canadian at list prices. The contracts are with first-time simulation equipment customers Avianca Airlines and Sofia Flight Training, as well as Emirates-CAE Flight Training (ECFT).

In addition, CAE announced that a contract signed earlier this fiscal year to provide a Boeing 757 FFS to Flight Training Finance (FTF) was terminated. CAE did, however, sell the Boeing 757 FFS to an undisclosed customer.

During CAE's fiscal year 2009, the company received orders for 35 FFSs, but due to the termination will officially report a net total of 34 FFS orders.

CAE has sold a CAE 5000 Series Airbus A320 FFS and related training devices to Avianca, the flag carrier of Columbia. This is the first time Avianca has ordered its own simulation equipment, which will be installed in a new training centre the airline is currently building in Bogota, Columbia. The CAE 5000 Series A320 FFS, along with CAE Simfinity Airbus Pilot Transition (APT) trainers for the A320 and A330 aircraft, will be delivered later this year to Avianca.

CAE has sold a CAE 5000 Series Airbus A320 FFS to Sofia Flight Training. This marks the first time Sofia Flight Training, also known as the Institute of Aviation Transport, has ordered a brand new simulator, which will be installed at its training centre in Sofia, Bulgaria. The CAE 5000 Series A320 FFS will be delivered in early 2010 to Sofia.

CAE signed a contract with Emirates-CAE Flight Training (ECFT) for the purchase of a CAE 7000 Series Airbus A320 FFS. ECFT will then lease the simulator to the new CAE Bangalore training centre in India. The CAE Bangalore training centre currently operates two CAE 7000 Series FFSs: one Airbus A320 and one Boeing 737NG.

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