CAE Inc.

CAE Inc.

May 06, 2008 08:00 ET

CAE awarded contracts for five full-flight simulators valued at more than C$60 Million

MONTREAL, QUEBEC--(Marketwire - May 6, 2008) - (NYSE:CGT)(TSX:CAE) - CAE has signed contracts to design and manufacture five full-flight simulators (FFSs) and associated CAE Simfinity™ training devices for customers globally, valued at more than C$60 million at list prices. The contracts are with Lufthansa Flight Training, Flight Training Finance (FTF), Swiss Aviation Training and the Zhuhai Flight Training Centre in China. These are the first five FFS sales that CAE has announced in its fiscal year 2009.

"In keeping with the flow of aircraft deliveries, the majority of simulator orders have come from operators outside North America. We are pleased that international airlines and training centres continue to choose CAE as their simulation equipment provider and we're especially delighted to receive our first order from China for our new CAE 5000 Series simulator," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services. "CAE offers the industry's most comprehensive portfolio of simulation products that provide the best quality and value for airlines and flight training centres around the world."

Lufthansa Flight Training

Lufthansa Flight Training GmbH (LFT) has ordered a CAE 7000 Series Boeing 777-200 long range freighter (LRF) FFS. The CAE 7000 Series Boeing 777-200LRF FFS will be delivered in 2009 to LFT's training centre in Berlin, Germany and will be used for pilot training of Aerologic's pilots preparing to operate the new aircraft for cargo operations. Aerologic is the name for the new joint venture carrier established by Lufthansa Cargo and DHL Express. LFT has now ordered a total of 31 CAE flight simulators since 1980, including five over the past two years.

Flight Training Finance

CAE sold a CAE 7000 Series Boeing 757 FFS to Flight Training Finance (FTF), LLC, a specialized simulator leasing company. FTF will provide the simulator to Icelandic Flight Academy to support pilot training for Icelandair. The simulator will be delivered in 2009 and will be the first simulator in Iceland certified to Level D, the highest qualification for flight simulators.

"In pursuit of excellence in flight training equipment, FTF is proud to introduce the new CAE Boeing 757 simulator with electric motion and a state-of-the-art visual system," said Pedro Sors, President of FTF. "Icelandic Flight Academy will be greatly enhanced with the arrival of this advanced technology device to support pilot training for Icelandair."

Swiss Aviation Training

CAE sold a CAE 7000 Series Embraer 190 FFS to Swiss Aviation Training (SAT), a wholly-owned subsidiary of Swiss International Airlines. The EMB190 FFS for SAT will be delivered later this year.

"We are looking forward to getting another CAE full-flight simulator to meet the training needs of our parent company Lufthansa as well as the training needs of Swiss International Airlines," said Manfred Brennwald, President and CEO of SAT. "We have a challenging development and delivery schedule for all parties involved, but are confident CAE can deliver before the end of 2008 to help us meet our pilot training requirements."

Zhuhai Flight Training Centre

CAE has received an order for two CAE 5000 Series A320 FFSs and related training devices from Zhuhai Flight Training Centre, a joint venture between China Southern Airlines and CAE. CAE will also provide a CAE Simfinity A320 Integrated Procedures Trainer (IPT), a reconfigurable CAE Simfinity Airbus Pilot Transition (APT) trainer, and a CAE Simfinity Boeing 787 Virtual Simulator (VSIM). Deliveries of the training devices to the Zhuhai Flight Training Centre in Zhuhai's free trade zone will begin later this year. This order will bring the total number of CAE-built simulators that the Zhuhai Flight Training Centre operates to 15, maintaining its position as the largest independent flight training facility in China.

CAE is a world leader in providing simulation and modelling technologies and integrated training solutions for the civil aviation industry and defence forces around the globe. With annual revenues exceeding C$1 billion, CAE employs approximately 6,000 people at more than 75 sites and training locations in 20 countries. We have the largest installed base of civil and military full-flight simulators and training devices. Through our global network of 27 civil aviation and military training centres, we train more than 75,000 crewmembers yearly. We also offer modelling and simulation software to various market segments and through CAE's professional services division, we assist customers with a wide range of simulation-based needs.

Contact Information

  • CAE
    Nathalie Bourque
    Vice President, Public Affairs and Global Communications

    Trade media
    Chris Stellwag
    Director, Marketing Communications,
    Simulation Products and Military Training & Services

    Investor relations
    Andrew Arnovitz
    Vice President, Investor Relations and Strategy