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News Breaks
May 8, 2014
06:13 EDTCAECAE awarded contracts valued at about C$60M for four FFSs
CAE announced that it has sold four full-flight simulators, or FFSs, to customers in Asia and Australasia. The contracts include the sale of one Boeing 747-8 simulator to Air China and three ATR-600 simulators: one to Air New Zealand, one to Garuda and one to an undisclosed customer. The contracts are worth a total of approximately C$60M at list prices. List prices include the value of OEM aircraft-specific data, parts and equipment, or DP&E, normally procured by CAE in the manufacture of its simulators. In the case of these contracts, some customers are providing part of the OEM content. These are the first four FFS sales announced by CAE to date for fiscal year 2015 which began in April.
News For CAE From The Last 14 Days
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December 15, 2014
06:05 EDTCAECAE wins defence contracts valued over C$115M
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December 10, 2014
09:35 EDTCAECAE 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.

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