Farnborough News: CAE signs training contracts valued at C$17M

FARNBOROUGH, UK, July 17 /PRNewswire-FirstCall/ - (NYSE: CGT; TSX: CAE) - CAE has signed a number of contracts with a total value of approximately C$17 million to offer training services to airlines in Europe and South America, including a five-year contract to provide GOL Airlines of Brazil with Boeing 737NG training at CAE's Sao Paulo training centre.

Currently, CAE owns six flight training centres in Europe, where the company operates a total of 30 civil full-flight simulators. In South America, CAE owns a total of eight full-flight simulators at its two training centres in Sao Paulo, Brazil and Santiago, Chile .

"We are seeing an increase in demand for training among our clients in Europe and South America , particularly for narrow-body aircraft types," said Jeff Roberts, CAE's Group President, Civil Training & Services and Innovation. "These contracts represent another example of CAE's efforts to listen to our customers, adapt to their needs in timely manner, and provide a world-class training service that is close and convenient for them."

In addition to GOL Airlines, other customers who have signed training service contracts with CAE include Dutch Antilles Express, City Star Airlines, White Eagle Aviation, and Freedom Airways.

CAE is a world-leading provider of simulation and modeling technologies for civil aviation and military customers. With annual revenues of more than C$1 billion, the company operates in 19 countries around the world. CAE has sold nearly 700 simulators and training devices to airlines, aircraft manufacturers, training centres and defence forces for air and ground purposes in more than 40 countries. With more than 100 full-flight simulators in more than 20 aviation training centres serving approximately 3,500 airlines, aircraft operators and manufacturers across the globe, CAE is a world leader in aviation, maintenance and crew training services. CAE licences its simulation software to various market segments and has a professional services division assisting customers with wide-ranging simulation-based needs.


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