CAE Signs Contracts with Etihad Airways and China Eastern Valued at More Than C$230 Million for Nine Full-flight Simulators

The contracts, signed in CAE's first quarter, are worth more than C$230 million at list prices and bring the total number of FFS sales that CAE announced to date in fiscal year 2014 to 15.

China Eastern

CAE has signed a contract with China Eastern for a Boeing 737-800 FFS and a Boeing 777-300ER FFS, both are CAE 7000 Series models equipped with the latest CAE Tropos 6000 XR visual system. The contract also includes two CAE Simfinity Integrated Procedures Trainers as well as updates to the airline's existing A330 and A320 FFSs.

The Boeing 737 FFS and training device will be delivered to the flight training centre in Kunming in September 2014 and the Boeing 777 FFS and IPT are scheduled for delivery to the flight training centre in Shanghai in August 2014.

China Eastern already operates 16 CAE-built simulators. The airline operates over 80 international and regional routes as well as more than 330 domestic routes, which connect 110 cities in China, Japan, Korea, Southeast Asia, Europe, Australia and America. More than 500 China Eastern Airlines pilots have been awarded the Safety Medal by the Civil Air Administration of China (CAAC).

About CAE

CAE (NYSE:CAE)(TSX:CAE) is a global leader in modeling, simulation and training for civil aviation and defense. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military, and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, integrated enterprise solutions, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is leveraging its simulation capabilities in new markets such as healthcare and mining.

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