CAE inks $65 million in simulator contracts
Jan. 12, 2011, Montreal - CAE says it has signed contracts for five full-flight simulators with various airlines for a total value of $65 million.
January 12, 2011 By The Canadian Press
The aviation training firm said the CAE 7000 Series Level D full-flight simulators were sold to Qantas Airways, the Shanghai Eastern Flight Training Centre — a division of China Eastern Airlines — and an undisclosed customer in India.
The latest round of sales lifts the company's overall full-flight simulator sales to 22 for the fiscal year that ends March 31, it said.
"These agreements reflect the continued air traffic growth in Australia, China and India,'' said CAE Group president of civil simulation products Jeff Roberts.
The Quantas Airways order is scheduled for delivery in 2012 while the Shanghai Eastern Flight Training Centre will start receiving its order this year with completion targeted for next year.
The undisclosed Indian customer will get its equipment later this year.