CAE Signs Commercial And Business Aviation Training Contracts Worth C$85 Mln

(RTTNews) - Canadian aviation-training and simulation products provider CAE Inc. (CAE, CAE.TO) Tuesday announced a series of aviation training solution contracts valued about C$85 million with large fleet operators and airlines, including Ethiopian Airlines, Air India, and Japan Airlines.

At the 2017 Paris Air Show, the company noted that these agreements cover airline pilot and cabin crew training, crew resourcing, business aviation pilot training programs, as well as the sale of four full-flight simulators or FFS.

With Ethiopian Airlines in Africa, the company made a 5-year agreement to market Boeing 737NG, 757, 767, 777, 787 and Bombardier Q400 pilot training capacity.

The company agreed for a new 2-year contract for business aviation pilot training with MHS Aviation in Europe.

For JetSMART in South America, the deals include an exclusive 5-year contract for Airbus A320 pilot training, while the company agreed for exclusive agreements for Airbus A320, A330 and Boeing 737NG pilot training to undisclosed airlines in Asia.

The deals also include an exclusive 2-year contract for Airbus A320 pilot and cabin crew training as well as crew resourcing to an undisclosed airline in Europe.

Further, the company will provide one ATR72-600 full-flight simulator to Air India in India, ne Airbus A350 full-flight simulator to Japan Airlines in Japan, as well as two full-flight simulators, including one Boeing 747 FFS and one business jet FFS, to undisclosed customers in North America.

The 4 full-flight simulator sales represent CAE's first four FFS sales for fiscal 2018. The FFSs are at list prices, which include the value of OEM aircraft-specific data, parts and equipment.