Thursday, December 31, 2015
CAE Announces $72 Million in Contracts
[Avionics Today 12-31-2015] CAE has signed a series of training solution contracts valued at more than $72 million with five airlines. The contracts include a cadet training program extension to create additional pilots for China's Shenzhen Airlines; the extension of a long-term exclusive agreement for pilot training for Spring Airlines in Japan; an exclusive training agreement for pilot training with an undisclosed customer in Europe; and training equipment, including the sale of three A350 full-flight simulators (FFS) and one Boeing 787 FFS.
The four full-flight simulator (FFSs) sales bring the total number of FFS sales announced to date in fiscal 2016 to 30.