CAE sells two full-flight simulators and flight training devices to Air Canada
June 16 2005 - 8:04AM
PR Newswire (US)
CAE sells two full-flight simulators and flight training devices to
Air Canada MONTREAL, June 16 /PRNewswire-FirstCall/ -- (NYSE: CGT;
TSX: CAE) - CAE has been awarded a contract to provide Air Canada
with two full-flight simulators for the new Embraer 170 and 190
aircraft, along with a suite of CAE Simfinity(TM) training devices.
Based on list prices (excluding buyer furnished equipment or BFE),
the contract is valued at approximately C$27 million, and
represents CAE's second and third full-flight simulator sales of
fiscal 2006. The Embraer 170 full-flight simulator is scheduled for
installation at Air Canada's training facility in Toronto in the
first quarter of 2006, while the Embraer 190 simulator will be
ready for training in the third quarter of that year. Both
simulators will be equipped with CAE visual systems. The CAE
Simfinity training devices include two three-dimensional trainers
(Integrated Procedures Trainers) and four desktop trainers (Virtual
Simulators) for the Embraer 170 aircraft. "We are proud to support
Air Canada's fleet renewal program, which positions Air Canada as a
leader among North American carriers," said Marc Parent, CAE's
Group President, Simulation Products. "Air Canada currently
operates nine CAE full-flight simulators for a variety of aircraft
types." The sale is part of a 10-year general terms agreement
signed in 2001 with Air Canada to provide the carrier with
full-flight simulators. "Over the years, Air Canada and CAE have
forged a very solid business relationship. We are confident CAE
will continue providing us with the leading- edge training
equipment and services that meet our requirements," said Rob Reid,
Executive Vice President and Chief Operating Officer, Air Canada.
Air Canada is renewing its fleet with Embraer 175 and 190 aircraft
that will be deployed throughout its North American network. The
new aircraft will enable Air Canada to offer more point-to-point,
non-stop services with superior comfort and space in a two-cabin
configuration. Air Canada is the launch customer for the 73-seat
Embraer 175 and will begin taking delivery of 15 aircraft in July
2005. The first of 45 Embraer 190 aircraft seating 93 passengers
will begin delivery in November 2005. CAE built the world's first
Embraer 170 and 190 full-flight simulators and to date, has
received a total of eight orders for Embraer 170/190 full- flight
simulators. CAE is a leading provider of simulation and modelling
technologies as well as integrated training services for commercial
and business aviation, and defence customers worldwide. The company
has annual revenues of approximately C$1 billion, with operations
and training facilities in 17 countries on five continents.
DATASOURCE: CAE INC. CONTACT: Media contacts: Nathalie Bourque,
Vice President, Global Communications, (514) 734-5788, Anne von
Finckenstein, Manager, Public Relations, (514) 340-5370, ; Investor
relations: Andrew Arnovitz, Director, Investor Relations, (514)
734-5760, ; http://www.cae.com/
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