Wednesday May 7
CAE signs contracts for five full-flight simulators valued at $60M
“In keeping with the flow of aircraft deliveries, the majority of simulator orders have come from operators outside North America”
- CAE Inc. (TSX:CAE) has announced sales of five full-flight simulators and associated training devices with a total value of about $60 million.
CAE said Tuesday the contracts - the first full-simulator sales of its financial year which began April 1 - are with Lufthansa Flight Training, Flight Training Finance, Swiss Aviation Training and the Zhuhai Flight Training Centre in China.
Lufthansa bought a Boeing 777-200 freighter simulator, leasing company Flight Training Finance took a Boeing 757 simulator to be provided to Icelandair, Swiss Aviation Training signed for an Embraer 190 simulator, and Zhuhai - a CAE joint venture with China Southern Airlines - is taking two Airbus A320 simulators and related equipment. Read more
Comments
Please note by clicking on "Post Comment" you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.
| Topic | Updated | Last By | Comments |
|---|---|---|---|
| American Axle Proposal Includes Closing Three P... | 7 min | delphi thermal | 122 |
| Auto review: A glimmer of hope for Pontiac's re... | 2 hr | Generic Motors | 5 |
| AAM Workers Expect Long Strike | 2 hr | Strikers Wife | 909 |
| UAW: American Axle proposal includes closing 3 ... | 11 hr | Batch 37 Pai... | 9 |
| Plastech to take over management of Holland JCI... | 11 hr | leamington | 1283 |
| UAW: American Axle proposal includes closing 3 ... | 13 hr | moonman | 2 |
| Rubber meets road on city tour | 20 hr | Catherine Se... | 2 |


