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CAE signs $100M of contracts with easyJet, Air China

(Stock image)

(Stock image)

Published on August 7, 2012
Published on August 7, 2012
The Canadian Press ~ OBJ  RSS Feed

CAE Inc. (TSX:CAE) has added more than $100 million worth of contract wins in China and Europe to its backlog.

Topics :
CAE , EasyJet , Air China , Ottawa , Beijing

The Montreal-based company, which supplies a variety of pilot training equipment and services and has a presence in Ottawa, says it sold three flight simulators to Air China with a total list value of $42 million.

The flight simulators will be deployed at the airline's training centre in Beijing next year. They'll be used to train pilots and cockpit crews that fly Airbus A320, A330 and Boeing 737 passenger jets.

CAE has also been selected by European air transport company easyJet to provide long-term pilot training services in a contract valued at more than $60 million, the company said in a separate announcement Tuesday.

The company said the pilot training agreement will make use of facilities acquired with CAE's recent purchase of Oxford Aviation Academy.

CAE added seven training centres to its network by acquiring Oxford in a $314-million deal announced in May. CAE also entered the pilot and maintenance crew sourcing business with the acquisition of Oxford subsidiary Parc Aviation.

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