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CAE inks $65 million deal with Asian customers

Jan. 12, 2012, Montreal - CAE said Thursday it has signed $65-million worth of contracts to supply customers in Asia with five flight simulators.


January 12, 2012
By The Canadian Press

Montreal-based CAE said the customers that have reached agreements include Air China, which has ordered simulators for an Airbus A320 and a Boeing 737.

Shandong Airlines of China has purchased a Boeing 737, while the joint venture between CAE and Cebu Pacific will receive an A320 simulator. Alpha Aviation Group's flight training academy in the Philippines has also ordered an A320.

"China and the rest of Asia are leading the world in commercial aircraft deliveries, and we are pleased that our longtime presence in the region continues to position us at the forefront of this dynamic market," said CAE's civil simulation group president Jeff Roberts in a release.

CAE said the new group of contracts brings it total full-flight simulator sales to 30 for fiscal 2012.

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CAE is a global leader in modelling, simulation and training for civil aviation and defence. The company has a workforce of more than 7,500 people around the world.