CAE signs contracts with easyJet, Air China
Aug. 7, 2012, Montreal - CAE Inc. has added more than $100 million worth of contract wins in China and Europe to its backlog.
The Montreal-based company, which supplies a variety of pilot training equipment and services, says it sold three flight
simulators to Air China with a total list value of $42 million.
The flight simulators will be deployed at the airline's training centre in Beijing next year. They'll be used to train pilots and
cockpit crews that fly Airbus A320, A330 and Boeing 737 passenger jets.
CAE has also been selected by European air transport company easyJet to provide long-term pilot training services in a contract
valued at more than $60 million, the company said in a separate announcement Tuesday.
The company said the pilot training agreement will make use of facilities acquired with CAE's recent purchase of Oxford Aviation
CAE added seven training centres to its network by acquiring Oxford in a $314-million deal announced in May. CAE also entered the pilot and maintenance crew sourcing business with the acquisition of Oxford subsidiary Parc Aviation.