CAE signs training solutions contracts valued at more than C $ 375 million

MONTREAL, QUEBEC (NYSE: CAE) (TSX: CAE) – CAE today announced at the show World Aviation Training Conference and Tradeshow (WATS), it has entered into a series Contracts and training agreements for commercial aviation with carriers from around the world, including Scandinavian Airlines, Ethiopian Airlines, Korean Air, and Donghai Airlines, a new Chinese customer. These agreements, valued at more than C $ 375 million, are part of orders received by CAE in the fourth quarter of fiscal year 2017. They include comprehensive pilot student training programs for PIC and The sale of 11 flight simulators; Bringing to 50 the total number of flight simulators sold by CAE during the year,

The agreements, which illustrate the scope of CAE’s commercial aviation training solutions, include:

Initial pilot training agreements, demonstrating CAE’s support for the growing demand for professional line pilots

A new initial training program for the training of more than 380 professional pilots over the next 5 years with a customer in Asia whose identity remains confidential

A new initial training program for 100 professional pilots with a Middle East customer whose identity remains confidential

Contracts for training of line pilots and cabin crew, demonstrating the recurring nature of CAE’s offer

Renewal of an exclusive training contract for two additional years for the training of pilots on the Airbus A320 and the Boeing 737NG, as well as for the recruitment and training of the cabin crew of Scandinavian Airlines in Europe

Exclusive pilot training contract for Dornier Do 320 and Saab 340/2000 aircraft with an undisclosed customer in Europe

Innovative training facilities, operation of training centers and post-delivery services, including the sale of 11 flight simulators, which strengthen CAE’s leadership position

An Airbus A350 flight simulator and a CAE 500XR series flight training device for Ethiopian Airlines in Africa

A Boeing 737NG Flight Simulator and CAE 400XR Series Flight Training Device for Donghai Airlines, a New CAE Customer in China

C Series CS300 Flight Simulator for Korean Air in Korea

An Airbus A320 flight simulator and an APT (Airbus Pilot Transition Trainer) of the CAE 400XR series for the Airbus training center in Europe

An Airbus A320 flight simulator for Avenger Flight Group in the United States

A Boeing 737NG flight simulator for ChongQing Yu Xiang Aviation in China

Five flight simulators, including one Airbus A320, two Airbus A330s, one Airbus A350 and one Boeing 767 to confidential customers in Asia and North America

More than $ 170 million in operating services for training, maintenance and upgrades for customers worldwide, which meets the needs of our partners for the maintenance of training devices and Upgrade to the latest aircraft fleet standards.

“We continue to see strong demand in the commercial aviation market, and these agreements reaffirm CAE’s position as a world-class partner of choice in training,” said Nick Leontidis, Group Chair, Training Solutions for Civil Aviation at CAE. We are honored to support the growth of our long-standing clients and new customers, and we are excited to shape the future of training alongside them. “

Source: CAE Inc.