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CAE signs $100 million of contracts with easyJet, Air China

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flyvertosset Posted: Wed, Aug 8 2012 8:39 AM

CAE today announced that it has sold three full-flight simulators (FFSs) to Air China for the Airbus A320, A330 and Boeing 737 aircraft. The contracts are worth a total of C$42 million at list prices and bring the total number of FFS sales that CAE has announced to date during fiscal year 2013 to 10.

“The contracts with long-time customer Air China reflect CAE’s continued leadership position in China,” said Jeff Roberts, CAE’s Group President, Civil Simulation Products, Training and Services. “Air China has been a CAE simulator customer for nearly two decades, and we are privileged to continue to serve their flight training needs.”

The A320, A330 and Boeing 737 CAE 7000 Series simulators will be deployed to the Air China training centre in Beijing in 2013. Each FFS will include the third-generation CAE TroposTM-6000 visual system.

CAE was also selected by European air transport company easyJet to provide long-term pilot training services in a contract valued at more than $60 million, the company said in a separate announcement Tuesday.

CAE has provided simulators and training for easyJet pilots since 2004. The new contract will also provide competency-based Multi-crew Pilot License (MPL) First Officer program training at CAE's recently acquired Oxford Aviation Academy.

The first cadet class will graduate at the start of 2013, two others are in progress, and a fourth will begin by August this year.

CAE added seven training centres to its network by acquiring Oxford in a $314-million deal announced in May. CAE also entered the pilot and maintenance crew sourcing business with the acquisition of Oxford subsidiary Parc Aviation.

Although CAE has been a training supplier to easyJet for eight years the modified agreement increases the duration and scope of its relationship which is "indicative of the type of revenue synergies CAE can generate with its new bandwidth," Poirier added.

Source: CAE

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