CAE reports sale of five full-flight simulators for C$70M CAE announced include the sale of five full-flight simulators -- one B787 simulator to Air Canada, one B737NG simulator to an undisclosed customer in North America as well as two A320 simulators and one B737NG simulator to an undisclosed customer in Asia. The contracts are worth more than C$70M at list prices, and bring the total number of FFS sales announced to date for FY14 to 43. Two of the five simulators sold were recorded in CAE's Q3 and three in Q4.
CAE awarded contracts valued at more than C$100M CAE announced that is has signed a series of civil aviation training solutions contracts worth more than C$100M with airlines and aircraft operators. These contracts include: the renewal of its 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(TM)XR integrated procedure trainer to Aegean.