CAE awarded contracts by Azal and Turkish Airlines for six full flight simulators valued at approximately $75 million

CAE announced that it has sold six full-flight simulators (FFSs), three to Azal (Azerbaijan Airlines) and three to Turkish Airlines. Azerbaijan Airlines has purchased simulators for the Embraer 190 E-Jet, Sikorsky S92 helicopter and AgustaWestland AW139 helicopter. Turkish Airlines has purchased simulators for the Boeing 737NG, Airbus A320 and Airbus A330 aircraft.

The simulators, if sold including original aircraft equipment manufacturer (OEM) data, parts and equipment, would be worth approximately C$75 million at list prices; most of these simulators included OEM data, parts and equipment furnished by the customers. These are the first six FFS sales announced by CAE for fiscal year 2014 which began in April.

“We are pleased to continue to grow our relationship with Turkish Airlines and to welcome Azerbaijan Airlines as a new customer to CAE,” said Marc Parent, President and Chief Executive Officer. “Turkish Airlines already uses our end-to-end portfolio of training services, including cadet training, type-rating and pilot sourcing, we are proud that it is now turning to CAE for its simulation equipment needs. We are also happy to extend our global reach to Azerbaijan and be the partner of choice of its national airline.”