CAE wins orders valued at C$51 million for full-flight simulators and training devices
CAE has signed contracts for three full-flight simulators.
Montreal, December 6, 2006 – CAE has signed contracts for three full-flight simulators: a Boeing 777ER and an A330/340 for Jet Airways of India and a Boeing 777-300 ER for Air Canada. Both contracts include a suite of CAE Simfinity® training devices. The Air Canada contract includes an option to provide the airline with a second B777 full-flight simulator.
At list prices, including some buyer-furnished equipment, the firm contracts are valued at C$51 million and bring the total full-flight simulator sales that CAE has announced in fiscal 2007 to 20.
CAE is proud that Jet Airways and Air Canada have once again recognized CAEs simulation technology leadership and we look forward to supporting the growth of these two airlines as they prepare to expand their fleets, said Marc Parent, CAEs Group President, Simulation Products and Military Training & Services.
As part of our expansion plans, we are preparing for the induction of the new wide-bodied aircraft into our fleet, scheduled to commence in April 2007. These new simulators will enable us to provide high quality pilot training as we introduce the Boeing 777-300ER aircraft to our fleet and expand our A330 fleet, said Jet Airways Chief Executive Officer Wolfgang Prock-Schauer. CAE offers the highest quality in its simulators combined with the ability to meet our aggressive delivery schedule. After a thorough evaluation, CAE was the right choice as our simulation equipment provider.
Air Canada and CAE have established a mutually beneficial business relationship and we have the utmost confidence that CAE will deliver the highest fidelity and best quality simulation equipment available in the market, said Rob Reid, Executive Vice President and Chief Operating Officer, Air Canada. As Air Canada accelerates its wide-body fleet renewal and modernization, its important that we have companies such as CAE on board as partners.
In addition to the Boeing 777ER (extended range) simulator and the Airbus A330/340 convertible simulator for Jet Airways, CAE will provide a CAE Simfinity Integrated Procedures Trainer (IPT) for the B777 as well as a CAE Simfinity Maintenance Flight Training Device (MFTD) for the A330/340. All simulators and training devices will be delivered to Jet Airways training centre in Mumbai, India in the fall of 2007. CAE has already manufactured two Boeing 737NG simulators currently operating at the Jet Airways training centre in Mumbai. Both the B737NG simulators, and the new B777ER and A330/340 simulators, feature the CAE Tropos® visual system which uses satellite imagery as well as advanced weather and lighting effects to produce highly realistic training scenarios for pilots. Jet Airways fleet expansion plans of wide body aircraft is scheduled to commence in April 2007 when deliveries start of the 10 brand new Boeing 777-300ER aircraft and 10 Airbus A330 aircraft.
The Boeing 777-300ER full-flight simulator sold to Air Canada will be delivered to the airlines training facility in Toronto in late 2007. The simulator will be equipped with the CAE Tropos® visual system. In addition, Air Canada will receive two CAE Simfinity B777-300ER Integrated Procedures Trainers (IPTs) and four CAE Simfinity B777-300ER Virtual Simulators (VSIMs). In November 2005, Air Canada announced that it had concluded agreements with Boeing for the acquisition of up to 36 Boeing 777s and up to 60 Boeing 787 Dreamliners as part of the carriers wide-body fleet renewal and modernization program. The agreements include firm orders for 18 Boeing 777s, plus purchase rights for 18 more, in a yet-to-be determined mix of the 777 family's newest models: the 777-300ER, the 777-200LR Worldliner and the 777 freighter. Delivery of the 777 aircraft is scheduled to commence in March 2007.