CAE sells six simulators, training contracts mainly to Asia for $130 million

MONTREAL – CAE has sold six full-flight simulators and signed training contracts mainly in Asia for more than $130 million.

The Montreal-based company says four of the devices for Boeing aircraft and two trainers have been sold to the Shanghai training subsidiary of China Eastern Airlines. One Airbus A320 simulator and pilot transition trainer is going to Airbus’s Asian training centre.

Russian aviation equipment company NITA (New Information Technologies in Aviation) has also ordered a Boeing 737 Next Generation simulator for an aviation school.

In addition to the simulators, CAE (TSX:CAE) says it has inked a five-year training contract extension with Eastar Jet in Seoul, Korea, a contract renewal for Airbus pilot training from an undisclosed customer in Asia, and an Airbus flight crew sourcing through CAE Parc Aviation for an undisclosed Asian customer.

Eastern Air Lines has also signed a five-year contract for Boeing 737 pilot type-rating training in the United States.