CAE Inc.
TSX : CAE
NYSE : CGT

CAE Inc.

November 12, 2008 08:00 ET

CAE receives orders for five full-flight simulators and training devices valued at C$63 million

MONTREAL, QUEBEC--(Marketwire - Nov. 12, 2008) - (NYSE:CGT)(TSX:CAE) - CAE has received orders to design and manufacture five full-flight simulators (FFSs) and associated training devices valued at C$63 million at list prices. The contracts are with American Airlines, Air New Zealand, Suzuyo, and Embraer CAE Training Services. CAE has announced a total of 23 FFS sales so far in fiscal year 2009.

"By offering the industry's most comprehensive portfolio of training solutions, CAE is well-positioned to help airlines and third-party training centres meet their pilot training requirements," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services.

American Airlines

CAE has sold a CAE 7000 Series Boeing 737NG (next-generation) FFS and CAE Simfinity Boeing 737NG Integrated Procedures Trainer (IPT) to American Airlines. They will be delivered in 2009 to the American Airlines Flight Academy in Dallas, Texas. This is the first simulator CAE has sold to American Airlines since 2001, and will become the 20th CAE-built FFS operated by American Airlines and American Eagle.

Air New Zealand

Air New Zealand has ordered a Boeing 787 FFS and a Boeing 777-300 FFS. In addition, CAE will provide a suite of CAE Simfinity training devices for each aircraft type, including IPTs and virtual simulators (VSIMs). The CAE Simfinity training devices will be used for both pilot and maintenance training. CAE will deliver the Boeing 777 FFS to Air New Zealand's training centre in Auckland, New Zealand in 2010. The Boeing 787 FFS and associated training devices will be delivered the following year.

"CAE's technology and product quality combined with their responsiveness made CAE the ideal choice for our Boeing 787 and Boeing 777 training programs," said Jignasha Patel, General Manager of Group Capability at Air New Zealand. "We are committed to offering our pilots as well as third-party customers the highest quality flight training programs and we look forward to a long-term relationship with CAE as our simulation equipment provider for these aircraft."

Suzuyo

CAE has sold a CAE 7000 Series Embraer 170 FFS and an Embraer 170 Integrated Procedures Trainer (IPT) to Suzuyo for its new start-up airline, Fuji Dream Airlines (FDA) that will be based in Shizuoka, Japan. The Embraer 170 FFS and IPT will support pilot and maintenance training as FDA plans to grow its operations following the opening of the new Mt. Fuji Shizuoka Airport. The simulation equipment will be delivered in 2009 to Suzuyo's training centre at the Shizuoka Airport.

Embraer CAE Training Services

CAE and Embraer's training joint venture, Embraer CAE Training Services (ECTS), has ordered a CAE 5000 Series Phenom 100/300 FFS. This is the third 5000 Series FFS ordered by ECTS for the Phenom 100 and 300 jets. The initial pilot and technical training programs for the Phenom 100 recently commenced at CAE's training facility in Dallas, Texas.

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$1.4 billion, CAE employs approximately 7,000 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. www.cae.com

Contact Information

  • CAE Inc.
    Nathalie Bourque
    Vice President
    Public Affairs and Global Communications
    514-734-5788
    nathalie.bourque@cae.com

    Trade media:
    Chris Stellwag
    Director, Marketing Communications
    Simulation Products and Military Training & Services
    813-887-1242
    chris.stellwag@cae.com

    Investor relations:
    Andrew Arnovitz
    Vice President
    Investor Relations and Strategy
    514-734-5760
    andrew.arnovitz@cae.com