Montreal, November 09, 2009 – (NYSE: CAE; TSX: CAE) – CAE has signed contracts valued at approximately C$55 million at list prices to design and manufacture four full-flight simulators (FFSs) and related training devices, and to provide simulator updates and relocations. The FFS contracts are with Malaysia Airlines, Kenya Airways, Korean Air, and Mount Cook Airlines and bring the total FFS sales that CAE announced in fiscal year 2010 to 10.
“The civil aerospace market continues to be challenging; however, CAE’s diversified portfolio allows us to offer airlines a range of aviation training solutions tailored to our airline customers’ requirements,” said Jeff Roberts, CAE’s Group President, Civil Simulation Products, Training, and Services. “We are delighted that new customers Malaysia Airlines, Kenya Airways, and Mount Cook Airlines have placed their trust and confidence in CAE for their full-flight simulator needs. We are also pleased that Korean Air, a long-time customer, has chosen CAE for its business aviation FFS.”
CAE has sold a CAE 7000 Series Boeing 737-800 Level D FFS and a CAE Simfinity Boeing 737-800 Integrated Procedures Trainer (IPT) to Malaysian Airlines System (MAS). This will be CAE’s first B737-800 FFS and IPT for Malaysia Airlines. They will be delivered to the Malaysia Airlines training centre in Kuala Lumpur and are expected to be ready-for-training toward the end of 2010.
“CAE’s Series 7000 simulator design and its proven reliability were among the factors in our decision making,” said Malaysia Airlines Operations Director, Capt. Mohamed Azharuddin Osman. ”This is a prelude to us taking delivery of our B737-800 planes in 2010. We have ordered 35 aircraft with an option for another 20.”
CAE has sold a CAE 5000 Series Boeing 737NG FFS and related training devices to Kenya Airways. This marks the first time that CAE has sold simulation equipment to Kenya Airways, which is building a new training centre in Nairobi to house the simulator. The FFS, along with CAE Simfinity™ virtual maintenance trainers (VMTs), will be delivered in mid-2010. In addition, CAE will assist Kenya Airways with developing the new training centre and their B737NG pilot training program.
“The simulator will greatly increase our capacity and self-reliance in the training of our pilots,” said Titus Naikuni, Chief Executive Officer of Kenya Airways. “The simulator will reduce our training costs because we will no longer have to send our pilots abroad for this purpose. It will also position us as a training centre for other airlines in the region, presenting Kenya Airways the opportunity to make some revenue to repay faster for the investment we have put in.”
CAE has sold a CAE 5000 Series Citation CJ1+ FFS to Korean Air, South Korea’s largest airline. The new FFS will be delivered to Korean Air’s pilot training centre on Jeju Island in the second half of 2010. The simulator will feature CAE’s next-generation visual solution, including CAE Tropos-6000™ image generator and liquid crystal on silicon (LCoS) projectors. Korean Air uses Cessna Citation CJ1+ aircraft for advanced pilot training and will use the new simulator to further enhance its pilot training program.
Mount Cook Airlines
Contracts valued at approximately C$60 million.
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