New Contract Signings

PILOT TRAINING

CAE has signed a series of civil aviation training solutions contracts worth more than C$220 million with airlines and aircraft operators worldwide. CAE has sold one Airbus A320 FFS to the flight training centre of Uzbekistan Airways, the largest airline in central Asia. The simulator will be delivered at the end of 2015.

Air China, a long-time CAE customer, has purchased a Boeing 787-9 FFS as well as a CAE Simfinity integrated procedures trainer (IPT). The simulator and training device will be deployed to the Air China training centre in Beijing in mid-2016. Emirates-CAE Flight Training (ECFT) ordered two simulators, a Boeing B737-800W and a Gulfstream 650, as well as a Gulfstream 650 CAE Simfinity integrated procedures trainer (IPT) and a series of virtual simulators. The devices will be delivered to ECFT's Dubai Silicon Oasis (DSO) training facility over the next 12 to 18 months.

Ryanair has ordered two B737NG full flight simulators which will be delivered at the end of 2015 to Ryanair's Stansted Airport training centre in the United Kingdom. CAE has also signed a new training services agreement with the airline extending a relationship that has been in place since 2001. The agreement includes the recruitment, selection, and type-rating training of new pilot cadets and experienced Captains for the B737NG aircraft. Training will be conducted at CAE's training centres in Amsterdam, London and Brussels.

Other contracts include the renewal of CAE’s training service outsourcing agreement with legacy carrier Iberia for ten more years; the renewal of long-term training services with Turkish Airlines; an ERJ170 training services agreement with Compass Airlines; the sale of a full flight simulator to a customer in the United States; and the sale of a CAE Simfinity™ XR integrated procedure trainer to Aegean. CAE has also signed a three-year exclusive agreement with Elit'Avia and a four-year exclusive agreement with International Jet Management on 14 different aircraft types. Both companies are new customers to CAE. Training on 14 aircraft types including models for Bombardier, Dassault, and Gulfstream will be conducted in CAE training centers in Dubai, UAE; London, United Kingdom and Amsterdam, Netherlands.