CAE awarded contracts valued at approximately C$60 million for four full-flight simulators

CAE awarded contracts valued at approximately C$60 million for four full-flight 
simulators 
MONTREAL, CANADA -- (Marketwired) -- 05/08/14 --   (NYSE: CAE)(TSX:
CAE) - CAE today announced that it has sold four full-flight
simulators (FFSs) to customers in Asia and Australasia. The contracts
include the sale of one Boeing 747-8 simulator to Air China and three
ATR-600 simulators: one to Air New Zealand, one to Garuda and one to
an undisclosed customer. The contracts are worth a total of
approximately C$60 million at list prices. List prices include the
value of OEM aircraft-specific data, parts and equipment (DP&E),
normally procured by CAE in the manufacture of its simulators. In the
case of these contracts, some customers are providing part of the OEM
content. These are the first four FFS sales announced by CAE to date
for fiscal year 2015 which began in April.  
"As demand in our commercial segment remains strong, one of our top
priorities remains customer focus. CAE prides itself on offering the
broadest range of solutions available, and platforms such as the
ATR-600 and 747-8 are examples of our R&D investments being geared to
our customers' complete needs," said Nick Leontidis, CAE's Group
President, Civil Simulation Products, Training and Services. "I want
to thank Air China, Air New Zealand and Garuda, for their support and
confidence over the last 15 to 20 years."  
Air China  
Air China has ordered a Boeing 747-8 full-flight simulator. The CAE
7000 Series simulator will be delivered in the fall of 2015 to Air
China's training centre in Beijing. It is the 19th CAE-built
simulator purchased by Air China which has been a CAE customer for
the last 20 years. 
Air New Zealand  
CAE has sold an ATR72-600 full-flight simulator to Air New Zealand.
The CAE 7000 Series FFS will be equipped with CAE Tropos 6000 XR
visual system. It will be housed in the Air New Zealand Aviation
Institutes Flight Simulation Centre in Auckland and will be ready for
training at the end of Autumn of 2015. Air New Zealand currently
operates six CAE full-flight simulators including an ATR72-500. Air
New Zealand has been a CAE customer for over 15 years. 
Garuda 
Garuda has ordered an ATR 600 FFS for its training location in
Jakarta, Indonesia. The CAE 7000 Series FFS will be delivered in the
first half of 2015. It is the eighth CAE simulator purchased by
Garuda which has been a CAE customer for close to 20 years.  
About CAE 
CAE is a global leader in providing comprehensive training solutions
based on world-leading simulation technology and integrated training
services. The company employs 8,000 people at more than 160 sites and
training locations in 35 countries. Our vision is to be our
customers' Partner of Choice and we take a long-term approach to
customer relationships. We offer our civil aviation and defence and
security customers a complete range of highly innovative product,
service and training centre solutions designed to help them meet
their mission critical needs for safety, efficiency and readiness. We
provide similar solutions to customers in healthcare and mining. CAE
has the largest installed base of civil and military flight
simulators, supported by a range of after-sales services, and has
been serving the needs of its customers for nearly 70 years. We have
the broadest training services network in the world and offer civil
aviation, military and helicopter training services in 67 locations
worldwide and train more than 120,000 civil and military crewmembers
annually. www.cae.com  
Follow us on Twitter @CAE_Inc 
Contacts:
CAE contacts:
Media: Nathalie Bourque, Vice President
Public Affairs and Global Communications
+1-514-734-5788
nathalie.bourque@cae.com 
Investors: Andrew Arnovitz, Vice President
Strategy and Investor Relations
+1-514-734-5760
andrew.arnovitz@cae.com
 
 
Press spacebar to pause and continue. Press esc to stop.