CAE awarded contracts by Azal and Turkish Airlines for six full flight
simulators valued at approximately $75 million
MONTREAL, CANADA -- (Marketwired) -- 06/06/13 -- CAE
(NYSE:CAE)(TSX:CAE) today announced that it has sold six full-flight
simulators (FFSs), three to Azal (Azerbaijan Airlines) and three to
Turkish Airlines. Azerbaijan Airlines has purchased simulators for
the Embraer 190 E-Jet, Sikorsky S92 helicopter and AgustaWestland
AW139 helicopter. Turkish Airlines has purchased simulators for the
Boeing 737NG, Airbus A320 and Airbus A330 aircraft. The simulators,
if sold including original aircraft equipment manufacturer (OEM)
data, parts and equipment, would be worth approximately C$75 million
at list prices; most of these simulators included OEM data, parts and
equipment furnished by the customers. These are the first six FFS
sales announced by CAE for fiscal year 2014 which began in April.
"We are pleased to continue to grow our relationship with Turkish
Airlines and to welcome Azerbaijan Airlines as a new customer to
CAE," said Marc Parent, President and Chief Executive Officer.
"Turkish Airlines already uses our end-to-end portfolio of training
services, including cadet training, type-rating and pilot sourcing,
we are proud that it is now turning to CAE for its simulation
equipment needs. We are also happy to extend our global reach to
Azerbaijan and be the partner of choice of its national airline."
Azerbaijan Airlines (Azal)
The Embraer 190 simulator for Azerbaijan Airlines is a CAE 7000
Series model. It will be delivered to a new building in the Azal
training centre in Baku, Azerbaijan, in mid-2014. The S92 and AW139
helicopter simulators are CAE 3000 Series models and they will be
delivered in 2015.
The Boeing 737NG, Airbus A320 and Airbus A330 simulators for Turkish
Airlines are all CAE 7000 Series models. They will be delivered at
the airline's training centre located at Ataturk Airport in Istanbul,
Turkey, in 2013 for the B737NG and 2014 for the Airbus simulators.
Turkish Airlines currently operates two CAE-built simulators and is a
CAE Parc Aviation customer for pilot sourcing. Last March, CAE
announced a three-year contract to train new Turkish Airlines A320
and B737NG First Officers in a program ranging from ab-initio to
CAE is a global leader in modeling, simulation and training for civil
aviation and defense. The company employs approximately 8,000 people
at more than 100 sites and training locations in approximately 30
countries. CAE offers civil aviation, military, and helicopter
training services in more than 45 locations worldwide and trains
approximately 100,000 crewmembers yearly. In addition, the CAE Oxford
Aviation Academy offers training to aspiring pilot cadets in 11
CAE-operated flight schools. CAE's business is diversified, ranging
from the sale of simulation products to providing comprehensive
services such as training and aviation services, integrated
enterprise solutions, in-service support and crew sourcing. The
company applies simulation expertise and operational experience to
help customers enhance safety, improve efficiency, maintain readiness
and solve challenging problems. CAE is leveraging its simulation
capabilities in new markets such as healthcare and mining.
Follow us on Twitter @CAE_Inc
Nathalie Bourque, Vice President,
Public Affairs and Global Communications
Andrew Arnovitz, Vice President,
Investor Relations and Strategy
Press spacebar to pause and continue. Press esc to stop.