CAE Gets Training Solutions Contracts

CAE said pre-market Tuesday that it obtained a number of commercial aviation training solutions contracts valued at more than CAD375 million ($273.4 million) from airlines including Scandinavian Airlines, Ethiopian Airlines, Korean Air and new Chinese customer Donghai Airlines. Among these contracts is an exclusive training contract renewal for an additional 2 years for Airbus A320 and Boeing 737NG pilot training as well as cabin crew recruitment and training for Scandinavian Airlines in Europe.

CAE will provide one Airbus A350 full-flight simulator and one CAE 500XR Series flight training device to Ethiopian Airlines in Africa. It will also provide one C Series CS300 full-flight simulator to Korean Air in South Korea.
“We continue to see strong demand in the commercial aviation market and these agreements reaffirm CAE’s position as the industry’s leading global training partner of choice,” Nick Leontidis, CAE’s Group President, Civil Aviation Training Solutions, said in a statement.