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.
Turkish Airlines
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 type-rating training.
About CAE
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. www.cae.com
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CAE Contacts:
Nathalie Bourque, Vice President, Public Affairs and Global Communications,
+1-514-734-5788, [email protected]
Investor relations: Andrew Arnovitz, Vice President, Investor Relations and Strategy,
+1-514-734-5760, [email protected]
