CAE discloses $180M in new contracts as Farnborough Airshow gets off the ground
Training firm pens deals to build nine flight simulators for clients worldwide
FARNBOROUGH, U.K.—As all the big names in global aviation converge on the Farnborough International Airshow—running from June 11 to 17 outside London, U.K.—Canadian simulator manufacturer and training company CAE Inc. has disclosed $180 million in new contracts.
The Montreal-based company said the string of deals include the sale of nine full-flight simulators to a range of buyers and long-term training agreements with airlines in Asia.
Representing the company’s first simulator sales of its fiscal 2017, CAE will build three of the training devices for a joint venture with AirAsia, one Airbus A320 simulator for ChongQing Yu Xiang Aviation in China, as well as five full simulators for undisclosed customers in North America, the Middle East and Asia.
Along with the simulator sales, CAE said it has signed a 10-year pilot training agreement with Vietnam Airlines and a seven-year training deal with Asiana Airlines.
The company also inked training centre operations and technical support service contracts with India’s Jet Airways and an unnamed U.S. airline.