CAE has announced a series of contracts, including the sale of nine full flight simulators to airlines globally, as well as commercial and business aviation training programs with more than 10 operators.
These agreements, valued at more than C$350 million, cover a broad range of CAE's training equipment and programs, from commercial cadet to captain training, to business aviation pilot training, to training centre operations and post-delivery services.
The nine full flight simulators (FFSs) sales bring the total number of FFS sales announced to date in fiscal 2016 to 39.
The contracts include an exclusive four year training agreement for pilot training with an undisclosed customer in North America, and over C$100 million in training programs with more than 10 business aviation operators in the United States, Europe, Asia and the Middle East. These contracts represent both new and renewed business for initial and recurrent pilot training as well as maintenance training for technicians.
Training equipment contracts include one A320 full flight simulator (FFS) to CAE Simulation Training Private Limited (CSTPL), the joint venture between CAE and InterGlobe Enterprises, one MRJ 90 engineeringFFSto Mitsubishi Aircraft Corporation, one ATR-600 FFS and one 400XR flight training device to an undisclosed European customer, one Boeing 737NG FFS to an undisclosed customer in North America, and five FFSs, including three Boeing 737MAX, one A320 Neo and one ATR 42/72 FFSs to an undisclosed customer in Asia.
Contracts worth over C$35 million in training centre operation, maintenance and updates services have been awarded by customers in North America, Europe, and Asia.