CAE nets $200M in training, equipment contracts
by The Canadian Press
CAE will supply an A330 full-flight simulator to an undisclosed customer and provide training for Airbus A350 passenger jets
MONTREAL—CAE Inc. has sighed a series of training and equipment contracts worth more than $200 million in total.
The value of the individual contracts wasn’t disclosed and only a few customer names were leaked by the Montreal-based company, which manufacturers flight simulators and provides training services for commercial and military clients.
One of the contracts announced is a new 10-year agreement to provide training for Airbus A350 passenger jets for an unidentified airline group in the Americas.
CAE will also supply an A330 full-flight simulator to an undisclosed customer in Asia and provide simulator updates to a series of other customers.
Air Algerie has signed a long-term contract for CAE to train 200 new pilot cadets while Abu Dhabi Aviation has chosen it to supply a Bell 412EP full-flight simulator and training services.
