CAE Inc.
TSX : CAE
NYSE : CGT

CAE Inc.

April 01, 2009 15:15 ET

CAE wins contracts for three full-flight simulators

Ends fiscal year 2009 with 34 FFS sales

MONTREAL, QUEBEC--(Marketwire - April 1, 2009) - (TSX:CAE)(NYSE:CGT) Over the past month, CAE signed contracts to design and manufacture three full-flight simulators (FFSs) and associated CAE Simfinity™training devices valued at C$33 million at list prices. The contracts are with first time simulation equipment customers Avianca Airlines and Sofia Flight Training, as well as Emirates-CAE Flight Training (ECFT).

In addition, CAE announced that a contract signed earlier this fiscal year to provide a Boeing 757 FFS to Flight Training Finance (FTF) was terminated. However, CAE then sold the Boeing 757 FFS to an undisclosed customer. During CAE's fiscal year 2009, the company received orders for 35 FFSs, but due to the termination will officially report a net total of 34 FFS orders.

"Offering the industry's most comprehensive portfolio of simulation products has enabled CAE to enjoy another strong year in the sale of full-flight simulators," said Marc Parent, CAE's Executive Vice President and Chief Operating Officer. "While the year ahead will be difficult in civil aviation, our diversified business portfolio will help ensure CAE's continued success."

Avianca Airlines

CAE has sold a CAE 5000 Series Airbus A320 FFS and related training devices to Avianca, the flag carrier of Columbia. This is the first time Avianca has ordered its own simulation equipment, which will be installed in a new training centre the airline is currently building in Bogota, Columbia. The CAE 5000 Series A320 FFS, along with CAE Simfinity Airbus Pilot Transition (APT) trainers for the A320 and A330 aircraft, will be delivered later this year to Avianca.

Sofia Flight Training

CAE has sold a CAE 5000 Series Airbus A320 FFS to Sofia Flight Training. This marks the first time Sofia Flight Training, also known as the Institute of Aviation Transport, has ordered a brand new simulator, which will be installed at their training centre in Sofia, Bulgaria. The CAE 5000 Series A320 FFS will be delivered in early 2010 to Sofia. More information on Sofia Flight Training can be found at www.sofiaflighttraining.com.

Emirates-CAE Flight Training

CAE signed a contract with Emirates-CAE Flight Training (ECFT) for the purchase of a CAE 7000 Series Airbus A320 FFS. ECFT will then lease the simulator to the new CAE Bangalore training centre in India. The CAE Bangalore training centre currently operates two CAE 7000 Series FFSs: one Airbus A320 and one Boeing 737NG.

"We are delighted that both Avianca and Sofia Flight Training have placed their trust and confidence in CAE for their first purchase of a new full-flight simulator. The CAE 5000 Series simulator is a new design standard for the industry and will serve as an excellent training tool for Avianca and Sofia's pilot training programs," said Parent. "ECFT's order of a CAE 7000 Series A320 for India will result in a much needed addition to that market's training infrastructure."

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 contacts:
    Nathalie Bourque, Vice President
    Public Affairs and Global Communications
    514-734-5788
    nathalie.bourque@cae.com
    or
    Trade media:
    Chris Stellwag, Director, Marketing Communications
    Simulation Products and Military Training & Services
    813-887-1242
    chris.stellwag@cae.com
    or
    Investor relations:
    Andrew Arnovitz, Vice President
    Investor Relations and Strategy
    514-734-5760
    andrew.arnovitz@cae.com